Allergan CEO vows decisive action amid investor anger

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Allergan CEO Brent Saunders acknowledged investor frustration over the company’s direction, promising “decisive action” and urgency from the board on Tuesday. Yet Saunders provided few specifics for a turnaround plan to address declining revenues. This is very similar to Allergan’s position in 2018, and not much has changed.

 

Last year, a strategic review led the pharma to seek sales for its women’s health and infectious disease units. Today, neither unit has been sold. Meanwhile, pipeline setbacks and questionable M&A decisions, have caused Allergan’s stock to fall more than 50% over the past four years.

 

Read the full article at biopharmadive.com…

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