People In The News: Actavis’ Upcoming Topside Line-Up; Changes At Ocera, Jazz, Nektar, Amgen
Executive Summary
Actavis has organized its management team to take the reins after the Forest acquisition closes, plus more personnel announcements in this month’s column.
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Actavis’ proposal to buy Forest Labs for $25 billion in stock and cash was driven by consolidating customers and fierce competition in traditional Western markets. Different pressures, namely the tough-to-manage patent cliff, as well as leadership succession issues and investor unrest, drove Forest into the arms of a suitor.
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