Breaking News, Financial News

Financial Report: Actavis

North American Brands business up 188% in the quarter

By: Kristin Brooks

Managing Editor, Contract Pharma

Actavis

4Q Revenues: $4.1 billion (+46%)

4Q Loss: $732.9 million (loss of $148.4 million 4Q13)

FY Revenues: $13.1 billion (+51%)

FY Loss: $1.6 billion (loss of $750.4 million FY13)

Comments: North American Brands business revenues were $1.8 billion, up 188%, primarily driven by the acquisition of Forest, as well as double-digit growth for the Namenda franchise, Linzess, Estrace Cream, Teflaro, and Bystolic. North American Generics & International revenue was $1.8 billion, up 1%, with growth of generic versions of Lidoderm and Concerta, and 4Q launches of generic versions of Intuniv and Celebrex, offset by a decline of $80 million associated with the divested Western European assets in April 2014. Following the close of the merger with Allergan, the company will change its name to Allergan.

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters