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Teva Seeds OTC Growth Synergies With Former Allergan Business

 
• By Malcolm Spicer

Teva's opportunity to compete in the US OTC drug market now that the Allergan's generic nonprescription products are under its roof makes company "more excited" about the space "than we have ever been," says CEO Sigurdur Olaf Olaffson,

If Teva Pharmaceutical Industries Ltd. wasn't sufficiently enthused about the OTC drug space with the launch of a consumer health joint venture with Procter & Gamble Co. in 2011, its recent addition of Allergan PLC's generics business flipped the switch.

"I think we are more excited about the OTC [space] today than we have ever been before due to the...

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