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Ireland/US: Actavis nabs $25B acquisition deal

By  |  February 18, 2014

Ireland-based generic drug maker Actavis announced Tuesday it reached a deal to acquire US rival Forest Laboratories, a $25 billion merger that further consolidates the pharmaceutical industry.

Reports say Actavis pursued its competitor in efforts to strengthen its specialty pharmaceuticals portfolio. Both companies have approved of the acquisition soon after Actavis announced a separate, $8.2 billion buyout of rival Warner Chilcott last year.

Actavis has been at the center of the debate over so-called pay-for-delay deals, in which brand name companies pay generic drug makers to delay the sale of their cheaper versions of drugs.

Full Content: The Deal

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