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The Pulse of the Pharmaceutical Industry

CEO Says Allergan Remains Committed To Irvine Despite Sale

Written by: | | Dated: Wednesday, June 24th, 2015

Over the last year, one of Orange County’s most prestigious companies has been through the wringer: a hostile takeover attempt, scrutiny by the national press, layoffs and an acquisition.

Allergan — the Botox maker that has been in Irvine since before the city’s founding — was purchased in March by Actavis, a pharmaceutical company headquartered in Dublin, Ireland, for tax reasons but run out of Parsippany, N.J. The sale stripped away local ownership of a marquee Southern California firm and led to the layoff of nearly 600 employees in Irvine, leaving 2,100 workers there.

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Source: BioSpace Featured Stories

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