Botox-maker Allergan is takeover target?
July 2nd, 2010, 11:35 am · Post a Comment · posted by Colin Stewart
The possible purchase of Allergan is a top topic on this blog’s Facebook page, where all are welcome to visit for news and gossip before it reaches the blog.
Irvine-based Allergan, the manufacturer of wrinkle-fighters Botox and Juvederm, breast implants, eyelash-enhancer Latisse and much more, is a profitable mid-sized company that’s often rumored to be a takeover target.
The latest possible buyer is French pharmaceutical company Sanofi-Aventis SA, which Reuters said is looking to buy an American company — maybe Allergan, but perhaps Biogen, Genzyme, or any of four other companies, according to the Wall Street Journal.
Sanofi-Aventis makes a broad range of drugs, including Plavix, but has little or no presence in the cosmetic-medical market.
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