Teva to buy Allergan generic drug business for $40.5 billion

[oppenheimer82]

http://www.reuters.com/article/2015/07/27/us-allergan-m-a-teva-pharm-ind-idUSKCN0Q10QE20150727?feedType=RSS&feedName=topNews&utm_source=twitter

[JayM]

How will this effect Bim?

[lacazette]

They will have seti also no?

[JayM]

I'm lost now haha.

[Keki]

this ****ing continous acquisitions are ****ing bad for us

[lacazette]

Don't worry Keki Teva will be in the 10 first pharmas companies in the world they say in the article. There won't be other acquisitions

[JayM]

It's just bigger pharma buying out others and getting bigger. I don't care if I had a quality hairloss drug, 40 billion is 40billion, nobodies waiting around for that haha. After reading up on Teva they are huge players so it could be a good sign!

[Ziggyz123]

Well it's just going to push back realease and trials even more.. Awesome.

[JayM]

Just to note this is only their business in terms of selling cheaper generic drugs so I'm really not sure what this means. So Allergan still have the double chin drug and seti right? So this 40 billion could mean they at least have the finances to do more phases ect. Maybe this is a way to get around the issues facing Bim in terms of being unable to patent maybe? This division as I understand is seperate to their aesthetics division. So it could also indicate they just want to focus on that even more?

[xyz123]

Yeah - I think JayM is right: http://www.reuters.com/article/2015/...1042OB20150725

Allergan sold the generic component of the company, but keeps the branded component. So they still have bim and seti - and now hopefully have more capital to invest in them.

[It's2014ComeOnAlready]

I think it's a good thing. Means they're comfortable with what they have now, and what's in their pipeline.

[hellouser]

I think it's a good thing. Means they're comfortable with what they have now, and what's in their pipeline.

This. Although Bim is useless.

[It's2014ComeOnAlready]

This. Although Bim is useless.

Says the guy who's trying to get his hands on compounds that increase pge2

[hellouser]

Says the guy who's trying to get his hands on compounds that increase pge2

More like trying to get my hands on ACTUAL PGE2.

My point still stands, bim is useless.