A PYMNTS Company

US: Teva finalizing asset sales to clear Its Allergan deal

By  |  May 9, 2016

Teva Pharmaceuticals is finalizing as much as $2 billion in asset sale agreements to win US antitrust clearance for its $40.5 billion acquisition of Allergan’s generic drug portfolio, according to a source familiar with the matter.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The divestments would boost efforts by Teva to close the deal with Allergan, which is domiciled in Ireland. Teva said in March that a regulatory review of the deal by the US Federal Trade Commission was taking longer than anticipated, and it expected the transaction to be completed by June.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Teva has found buyers for nearly all of the assets it expects to divest, which could be worth as much as $2 billion in total, the source said last Thursday. They include around 50 drugs already on the market and 25 in development that treat illnesses ranging from cancer to respiratory disease and central nervous system disorders, the source said.

    Full Content: HAARETZ

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.