Now, AbbVie's bid could be seen as an opportunistic bargain in a moment of weakness for Allergan.The benefits of that are clear, with cash providing capacity for dividends, share buybacks, debt payments and further deals.

AbbVie's $63 billion acquisition of Allergan "will have a profound impact on AbbVie's overall growth story," claimed CEO Rick Gonzalez, laying out the deal to investors and analysts Tuesday. Buying Allergan still requires $38 billion in financing, and integration of the two companies could require significant time and cost to complete.Part of that plan is to keep separate the growing franchises of medical aesthetics, immunology and hematology-oncology, the CEO said. Rationale for the Deal "Digesting a company as large as Allergan will require management time and energy, at a time when AbbVie is also attempting to execute on its own pipeline and prepare for Humira biosimilars in the US," he wrote in a research note.But Allergan's decline has been warranted, although to what degree is up for debate. That compound is also being evaluated as a therapeutic, with clinical readouts expected in the second half of 2020 for use in cervical dystonia, upper limb spasticity and plantar fasciitis.Discover announcements from companies in your industry.On the other side, AbbVie could face countering bids for Allergan from other pharmas if rivals found its value enticing. On June 25, 2019, AbbVie Inc. and Allergan announced that the companies have entered into a definitive transaction agreement under which AbbVie will acquire Allergan in a cash and stock transaction for a transaction equity value of approximately $63 billion, based on the closing price of AbbVie's common stock of $78.45 on June 24, 2019. In particular, the Information is not an offer of securities for sale into the United States. If you click "I disagree" below, we will be unable to provide you with access to the Information and you will be redirected to AbbVie’s homepage. AbbVie (NYSE: ABBV) announced in June that it plans to acquire Allergan (NYSE: AGN).

But Wall Street has begun to fret over potential competition the multi-use toxin may face.Additionally, Revance plans to file for approval of a long-acting toxin with the FDA this fall. Subject to any continuing obligations under applicable law or any relevant regulatory requirements, AbbVie expressly disclaims any obligation to disseminate, after the date of the posting of any document or announcement on this webpage, any updates or revisions to any statements in such documents or announcements in relation to the Offer to reflect any change in expectations or events, conditions or circumstances on which any such statements are based. THE INFORMATION IS BEING MADE AVAILABLE IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY, AND ITS AVAILABILITY IS SUBJECT TO THE TERMS AND CONDITIONS SET OUT BELOW. As a result, the site may contain information on pharmaceuticals that are not approved in other countries or region. ACCESS TO THIS SECTION OF THE WEBSITE MAY BE RESTRICTED UNDER SECURITIES LAWS IN CERTAIN JURISDICTIONS. Speaking on Tuesday's call, Gonzalez reiterated AbbVie's desire to continue growing dividends following the acquisition of Allergan.Botox could also face market competition from other toxins, analysts wrote. This notice applies to all persons who view this section of the website and, depending on where you live, it may affect your rights. Here's what that says about the state of big drug makers. This notice may be amended or updated by AbbVie from time to time and it should be read carefully in full each time you wish to view the website. In addition, the content of the website, and its accessibility by certain persons, may be amended at any time in whole or in part at the sole discretion of AbbVie. AbbVie's stock now ranks as the third worst-performing in 2019 among large pharmas, ahead of only Teva and Mylan.By absorbing Allergan and its roughly $15 billion in annual sales, AbbVie's revenues will become less dependent on Humira. "Allergan's battered stock has lost more than half its value from a 2015 peak. The Internet site that you have requested may not be optimized to your screen size. THE INFORMATION IS NOT DIRECTED AT, AND IS NOT INTENDED TO BE ACCESSIBLE BY, PERSONS RESIDENT IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. Piper Jaffray's Christopher Raymond worried that combining two businesses with distinct challenges won't automatically create a more stable company. Yet with Tuesday's stock price slide in mind, here's why those may not play out as rosily as expected.AbbVie plans to invest heavily in Botox to keep driving its growth, Gonzalez said. AbbVie is providing these links to you only as a convenience and the inclusion of any link does not imply endorsement of the linked site by AbbVie. Five reasons stood out as key to the deal. By clicking on the "I agree" box below, you certify that you will not forward, transmit, show or distribute (by any means including by electronic transmission) the Information to any person.

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