Warner Chilcott Explained

Warner Chilcott plc
Industry:Pharmaceutical industry
Fate:Acquired by Actavis (now Allergan)
Founder:Allen McClay
Location:Rockaway, New Jersey

Warner Chilcott (formerly Galen) was a company in the pharmaceutical industry based in Rockaway, New Jersey. It was primarily focused on women's healthcare and dermatology. On October 1, 2013, the company was acquired by Actavis (now Allergan).

History

Predecessor companies

Galen

In 1968, Sir Allen McClay founded Galen, a sales and marketing organization focused on branded pharmaceutical products in the United Kingdom and the Republic of Ireland.[1]

In 1997, the company listed its shares on the London Stock Exchange and the Irish Stock Exchange.[1]

Warner Chilcott

Warner Chilcott was the generic drug business of Warner–Lambert.

In 1996, it was sold to Nale Laboratories P.L.C.[2]

In 2004, the company was acquired by several private equity firms. In 2006, it became a public company via an initial public offering.[3]

Merger of Galen and Warner Chilcott

In 2000, Galen acquired Warner Chilcott and listed its American depositary receipts on NASDAQ.[1]

In 2004, the company changed its name from Galen to Warner Chilcott.[4]

Post-merger

In August 2004, the company prevailed in a patent case by Teva Pharmaceutical Industries related to Sarafem (Fluoxetine).[5] On May 19, 2006, the company received approval from the Food and Drug Administration for Sarafem.[6]

On October 30, 2009, the company acquired the prescription drug business of Procter & Gamble for $3.1 billion.[7]

On October 1, 2013, the company was acquired by Actavis (now Allergan).[8]

Notes and References

  1. News: Warner Chilcott: company history . Steven . Carroll . . October 20, 2009.
  2. News: WARNER-LAMBERT TO SELL GENERIC UNIT TO NALE . . . March 2, 1996.
  3. News: Warner Chilcott's I.P.O. Prices Below Expected Range . . September 21, 2006.
  4. News: Galen to change name to Warner Chilcott . . May 12, 2004.
  5. News: Warner Chilcott Prevails Vs. Teva In Sarafem Patent Suit . Marius . Meland . . August 6, 2004.
  6. Web site: Sarafem (fluoxetine hydrochloride) Tablets . . May 19, 2006.
  7. Warner Chilcott Completes Acquisition of P&G's Global Branded Prescription Pharmaceuticals Business . Evaluate Group . October 30, 2009.
  8. Actavis Completes Warner Chilcott Acquisition . . October 1, 2013.