AbbVie deal may conclude a tumultuous 4 years for Botox-maker Allergan [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
AbbVie deal may conclude a tumultuous 4 years for Botox-maker Allergan Allergan signage at the NYSE Brendan McDermid | Reuters Nearly four years ago, billionaire investor AbbVie At the time, Allergan was selling its generic drug business to Israel drugmaker Teva Pharmaceutical told CNBC in an interview on July 28, 2015 Allergan, the maker of Botox and blockbuster eye treatment Restatis, isn't the same industry leader it once was. The stock has lost about half its value since 2017. The drugmaker has struggled ever since its planned $160 billion mega deal with Pfizer fell through in 2016 after pushback from the Obama administration, analysts say. The pharmaceutical company has also been hit with drug trial setbacks and generic competition. The company's leadership has come under pressure from activist investor from David Tepper for management changes. Shareholders have been calling for Allergan to split or sell the company. VIDEO 6:12 06:12 Here's what you need to know about the AbbVie
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