• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Elon Musk’s DOGE swiped $329 million in humanitarian funding from Nepal, leaving a Gen Z tech revolution to transform the budding country’s economy

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Elon Musk’s DOGE swiped $329 million in humanitarian funding from Nepal, leaving a Gen Z tech revolution to transform the budding country’s economy
HealthTeva

Why Teva’s $40 Billion Deal for Allergan’s Generic Drugs Is Being Delayed

By
Sy Mukherjee
Sy Mukherjee
Down Arrow Button Icon
By
Sy Mukherjee
Sy Mukherjee
Down Arrow Button Icon
March 16, 2016, 12:01 PM ET
Dollar Sign made of pills
Dollar Sign made of pillsPhotograph by Dwight Eschliman—Getty Images
Google source logo
Add Fortune on Google for similar content.

Israeli drugmaker Teva Pharmaceuticals (TEVA) on Tuesday announced that its $40.5 billion deal to snatch up pharma giant Allergan’s (AGN) generic drugs unit will close later than originally expected as the firm attempts to shore up regulators’ approval.

“Teva now anticipates that completing the acquisition could take as long as June 2016, based upon its current estimate of the timing to obtain clearance from the United States Federal Trade Commission,” wrote the company in an SEC filing. The firm had expected the deal to close by or slightly after the first quarter of 2016.

Allergan’s generics arm is called Actavis Generics, a holdover from the company’s previous iteration (before Actavis bought Allergan in a $70 billion deal in late 2014). The revamped Allergan then decided to spin off the generic portfolio in a sale that would also catapult Teva to the upper echelons of large, global pharmaceutical firms.

But a deal of this magnitude has to clear regulatory muster in multiple nations. While Teva received conditional approval from the European Commission last week, it still has some work to do with the FTC. Some analysts posited that the agency is consulting with the FDA on which and how many products Teva should sell off to allay antitrust concerns, and that the requested divestments could be substantial.

Fortune has reached out to Teva to ask about potential divestments the firm may be forced to make and will update this post if they respond.

The acquisition’s postponement could also be a road bump for another major pharmaceutical M&A: the proposed $160 billion Pfizer-Allergan (PFE) megamerger. That monster deal is almost certainly contingent on Allergan selling off its generics portfolio. In fact, the two companies have already discussed the possibility of a post-merger split.

About the Author
By Sy Mukherjee
See full bioRight Arrow Button Icon

Latest in Health


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Health


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.