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    Breaking News

    Financial Report: Allergan

    Loss in the quarter impacted by divestitures, lost exclusivity, and a decline in RESTASIS

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    01.29.19
    Allergan
    4Q Revenues: $4.1 billion (-6%)
    4Q Loss: $4.3 billion (earnings were $3.1 billion 4Q17)
    FY Revenues: $15.8 billion (-1%)
    FY Loss: $5.1 billion (loss of $4.1 billion FY17)
    Comments: Loss in the quarter was impacted by divestitures, products that lost exclusivity and a decline in RESTASIS (down 19% to $325 million) due to lower demand and net pricing, as well as the divestiture of the company's Medical Dermatology business in September 2018. BOTOX Therapeutic (Neurosciences & Urology) revenues in the quarter were $433.3 million, up 13%. U.S. General Medicine revenues in the quarter were $1.4 billion, down 8%, impacted by lower revenues from NAMENDA XR and ESTRACE due to generic competition, offset by growth from VRAYLAR and Lo LOESTRIN.
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      CURRENT ISSUE

      June 2022

      • Newsmakers: Darren Shirley
      • Are You Prepared for the 2023 DSCSA Deadline?
      • Rethinking the Changing Role of the CRO
      • 23rd Annual Salary Survey
      • Pharma 4.0 and the Modernizing Power of Digital Technology Transfer
      • CEO Spotlight: David Chang
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