Pfizer set to buy Allergan for more than $150 billion

Discussion in 'General Discussion' started by stg58, Nov 22, 2015.

  1. stg58

    stg58 Monkey+++ Founding Member

    Big pharma gets bigger and meds cost more... And with Allergan Plc being based in Ireland watch Pfizer shuffle money over there to avoid USA taxes.

    Folks get in a twist about Comcast and Time Warner or Charter and Time Warner merging but you can do with out cable you can't keep paying through the nose for prescribed meds.

    Pfizer set to buy Allergan for more than $150 billion| Reuters

    Pfizer Inc (PFE.N) was due to secure formal board approval on Sunday for its acquisition of Botox maker Allergan Plc (AGN.N) for more than $150 billion, creating the world's biggest drug maker, according to people familiar with the matter.

    The deal, the largest ever in the healthcare sector, is sure to draw political ire in a U.S. presidential election year because Pfizer would redomicile to Ireland, where Allergan is registered, in a so-called "inversion" that would slash its corporate tax rate.

    It will also reignite debate in the pharmaceutical industry over the role of research and development, with Allergan Chief Executive Brent Saunders, a prolific dealmaker and a skeptic of in-house drug discovery, joining the combined company in a position to influence its strategy.
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