CEO Says Allergan Remains Committed To Irvine Despite Sale
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.
Source: BioSpace Featured Stories