Allergan Fights Generic Headwinds, Activist Investors

 
• By Joseph Haas
  
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Chairman/CEO Saunders says the board has determined that keeping him in the dual role is the right move going forward. He added that the company, which had a strong second quarter, won’t be rushed in its efforts to divest its women’s health and infectious disease units.

Business report

Allergan PLC Chairman and CEO Brent Saunders dismissed any speculation that the company might give in to investor advocacy for splitting up those two leadership roles during the company’s second quarter earnings call July 26. He cited ongoing R&D success as stabilizing the firm’s future commercial prospects, and noted it is taking a cautious approach to divesting its women’s health and infectious disease units.

Saunders said the decision of who leads the board of directors is a decision for the entire board, while pointing...

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