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MarketScreener Homepage  >  Equities  >  Nyse  >  Allergan plc    AGN   IE00BY9D5467

ALLERGAN PLC

(AGN)
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162.64 USD   +0.36%
10:34aALLERGAN : Form 8.3 -
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07:31aALLERGAN : Declares Third Quarter 2019 Cash Dividend of $0.74 Per Ordinary Share
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Allergan says revenue from aesthetics unit may double by 2025

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09/14/2018 | 01:49pm EDT
The Allergan logo is seen in this photo illustration

NEW YORK (Reuters) - Allergan Plc said revenue from its medical aesthetics business could double by 2025, even as it faces increasing competition for its blockbuster wrinkle treatment, Botox.

The drugmaker announced earlier on Friday the acquisition of Bonti Inc, which makes a shorter-acting neurotoxin than Botox.

Allergan is also doubling its investment in direct-to-consumer ad spending and beefing up its sales force as companies like Revance Therapeutics Inc and Evolus Inc vie to wrest market share with rival treatments to Botox. The company made the announcements at its Medical Aesthetics Day in New York.

Chief Commercial Officer Bill Meury said Allergan expects revenue at its medical aesthetics unit to grow to $7 billion to $8 billion. That compares with revenue of $3.8 billion from the business in 2017.

Beyond Botox, the unit includes dermal filler Juvederm, the CoolSculpting fat-freezing systems, and other treatments.

He said the forecast implied an 8 to 10 percent compound annual growth rate.

Meury said the Bonti acquisition would allow the company to market a new "starter toxin." Patients could test drive the treatment, which lasts for two to four weeks, to help them decide if they want to use longer-term Botox.

Shares of Allergan fell 0.9 percent to $188.21 on Friday, while shares of Revance were down 1.1 percent and Evolus fell around 2.5 percent.

(The story corrects Allergan company stock price in final paragraph.)

(Reporting by Michael Erman; Editing by Chizu Nomiyama and Bernadette Baum)

By Michael Erman

Stocks mentioned in the article
ChangeLast1st jan.
ALLERGAN PLC 0.22% 162.415 Delayed Quote.21.55%
EVOLUS INC -3.57% 19.18 Delayed Quote.66.97%
ONE STOP SYSTEMS INC 0.61% 1.66 Delayed Quote.-14.95%
REVANCE THERAPEUTICS INC -2.10% 12.6 Delayed Quote.-36.07%
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Latest news on ALLERGAN PLC
10:34aALLERGAN : Form 8.3 -
DJ
10:14aABBVIE : Form 8.3 -
AQ
07:31aALLERGAN : Declares Third Quarter 2019 Cash Dividend of $0.74 Per Ordinary Share
PR
07/18AMGEN : And Allergan's MVASI™ (bevacizumab-awwb) And KANJINTI™ (tras..
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07/18ALLERGAN : Form 8.3 - Allergan PLC
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07/18ABBVIE : Form 8.3 -
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07/17HAGENS BERMAN : Federal Judge Greenlights Class-Action Antitrust Lawsuit Against..
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07/17ALLERGAN : Form 8.3 -
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07/17ALLERGAN : U.S. FDA Accepts Allergan's New Drug Application for Bimatoprost Sust..
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07/16ALLERGAN : Form 8.3 -
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Financials (USD)
Sales 2019 15 275 M
EBIT 2019 7 142 M
Net income 2019 -1 965 M
Debt 2019 19 467 M
Yield 2019 1,83%
P/E ratio 2019 -32,3x
P/E ratio 2020 57,2x
EV / Sales2019 4,75x
EV / Sales2020 4,43x
Capitalization 53 124 M
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Technical analysis trends ALLERGAN PLC
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 180,00  $
Last Close Price 162,05  $
Spread / Highest target 57,4%
Spread / Average Target 11,1%
Spread / Lowest Target -22,9%
EPS Revisions
Managers
NameTitle
Brenton L. Saunders Chairman, President & Chief Executive Officer
Wayne R. Swanton Executive Vice President-Global Operations
Matthew M. Walsh Chief Financial Officer & Executive Vice President
C. David Nicholson Chief Research & Development Officer
Charles Hugh-Jones Chief Medical Officer
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