AbbVie's cratering share price shows doubts over Allergan buy

26 June 2019

Of all the talk about the pros and cons of AbbVie’s (NYSE: ABBV) $63 billion takeover of Allergan (NYSE: AGN) – which was announced on Tuesday – perhaps the most compelling came from Stat News.

‘Two turkeys don’t make an eagle’ read a headline on the site, and the Tweets and re-Tweets quickly followed.

Is such criticism fair for two companies that have had their struggles in recent years – particularly Allergan – but have built multi-billion revenue streams around two of the most lucrative products in healthcare, and have wider portfolios spreading multiple therapy areas?

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