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Actavis Generics [1] (formerly known as Watson Pharmaceuticals and Actavis plc, prior to the acquisition of Irish-based Allergan, Inc.) is a global pharmaceutical company focused on acquiring, developing, manufacturing and marketing branded pharmaceuticals, generic and over-the-counter medicines, and biologic products.
Teva Pharmaceutical Industries Ltd. (also known as Teva Pharmaceuticals) is an Israeli multinational pharmaceutical company. Teva specializes primarily in generic drugs , but other business interests include branded-drugs, active pharmaceutical ingredients (APIs) and, to a lesser extent, contract manufacturing services and an out-licensing ...
Allergan plc was formed in March 2015 when Irish–registered Actavis plc acquired U.S.–registered Allergan, Inc., and assumed the Allergan name. [4] [5] In 2016, Allergan sold its generic drugs business, Actavis, to Teva Pharmaceuticals for $40.5 billion. [6]
Teva Pharmaceuticals , Actavis , and Mylan are all generic drug manufacturers, and with the exception of Teva, stock performance within this class has been tremendous over the last two years.
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In August 2004, the company prevailed in a patent case by Teva Pharmaceutical Industries related to Sarafem . [5] On May 19, 2006, the company received approval from the Food and Drug Administration for Sarafem. [6] On October 30, 2009, the company acquired the prescription drug business of Procter & Gamble for $3.1 billion. [7]
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