Contact Us
Make My Homepage

NJ-Based Watson Buying Generic Drugmaker Actavis

Watson Pharmaceuticals Inc. is buying another generic drugmaker, Switzerland’s Actavis Group, for about $5.6 billion in a move that will make Watson the world’s third-biggest generic drugmaker.

Jeffrey Coolidge, Getty Images

Watson, which has seen its profits surge since it started selling an authorized generic version of cholesterol blockbuster Lipitor in December, is now No. 4 globally.

Privately held Actavis operates in more than 40 countries and sells more than 1,000 products.

Watson CEO Paul Bisaro said in a statement that the deal will boost its position in other countries and complement its products in the U.S.

Watson is based in Parsippany, N.J.

The companies are expected to have 2010 combined revenue of about $8 billion.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

Best of the Web


Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!