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Allergan’s Namesake Acquisition Looks Well-Timed As Established Brands Falter

 
• By Mandy Jackson

Allergan’s net product revenue in the third quarter fell slightly below analyst consensus, but revenue from the company’s 2015 purchase of Botox, Restasis and other products softened declines for established products Namenda and Asacol.

Allergan PLC’s third quarter net revenues increased 4.4% year-over-year to $3.62bn, but the gain was $50m (1.5%) below analyst consensus estimates, since established brands lost more sales to generic medicines at a faster pace than expected. The legacy products’ new competition made the 2015 acquisition of blockbuster brand names Botox (onabotulinumtoxinA) and Restasis (cyclosporine) look like well-timed purchases.

Botox and Restasis instantly became the company’s top-selling products after Actavis acquired Allergan Inc. for $66bn in 2015....

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