Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Allergan spin-off

This article was originally published in The Tan Sheet

Executive Summary

Contact lens care, ophthalmic surgical businesses will be housed in new publicly traded company, Advanced Medical Optics, under stockholder spin-off expected to be completed by July, Allergan announces Jan. 22. Company points to divergent market growth rates, gross margin leverage, R&D intensity as reasons for separating pharma, device businesses. Since complete separation of Rx, surgical and contact lens care sales forces in 1998, it has become "more obvious that limited synergies in the office of the eye practitioner are no longer sufficient reason for these businesses to operate within one enterprise," company states. Lens care sales fell 7% to $77.4 mil. in Q4, dropped 9.6% to $297.1 mil. for 2001, "impacted by the loss in the fourth quarter of certain private-label contracts with mass merchandisers," firm says...

You may also be interested in...



Alcon

Eye care firm will spend $1.4 bil. on R&D over next four years as an independent company following spin-off from Nestle. IPO prospectus filed with SEC Feb. 22 calls for sale of 69.8 mil. shares of common stock at $31-$35 per share by April; Nestle will receive all of the estimated $2.19 bil. in proceeds. Nestle's plan to sell a minority stake in Alcon, which controls approximately 18% of the $2.5 bil. market for contact lens care and other vision care products, is the second recent proposed spin-off of a major eye care player. In January, Allergan announced plans to spin off its contact lens care, ophthalmic surgical businesses (1"The Tan Sheet" Jan. 28, 2002, In Brief)...

QUOTED. 9 April 2020. Frans van Houten.

Royal Philips will make 43,000 medical ventilators by year-end for use in the US and make 2,500 more for the Strategic National Stockpile in a deal with the US government worth $646.7m. See what Philips’ CEO Frans van Houten said about it here.

COVID-19 Lock-Down: India Pharma Manufacturing Limps Along Amid Challenges

Pharma manufacturing is operating well below normal levels in India, disrupted by labor absenteeism and supply chain issues amid the ongoing lock-down in the country, though the government is actively engaged in addressing bottlenecks. A speedy recovery is vital not just for domestic supplies.

Topics

UsernamePublicRestriction

Register

PS093535

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel