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Loss in the quarter impacted by divestitures, lost exclusivity, and a decline in RESTASIS
January 29, 2019
By: Kristin Brooks
Managing Editor, Contract Pharma
Allergan 4Q Revenues: $4.1 billion (-6%) 4Q Loss: $4.3 billion (earnings were $3.1 billion 4Q17) FY Revenues: $15.8 billion (-1%) FY Loss: $5.1 billion (loss of $4.1 billion FY17) Comments: Loss in the quarter was impacted by divestitures, products that lost exclusivity and a decline in RESTASIS (down 19% to $325 million) due to lower demand and net pricing, as well as the divestiture of the company’s Medical Dermatology business in September 2018. BOTOX Therapeutic (Neurosciences &am...
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