Healthcare

Allergan

Company Profile Analysis

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Allergan - Healthcare showcase

Year Founded & Workforce

2012-12-31

16,900 Employees

Industry

Healthcare

Services

A

Allergan Overview

Company Headquarters: Dublin, Ireland

Founded: 2013

Workforce: ~16,900

Company Working: Allergan is a leading global pharmaceutical company. The company is engaged in the manufacturing and commercialization of hyaluronic acid for medical products, devices, biologics, and surgical products for patients across the world. It operates through three business segments, namely US Specialized Therapeutics, US General Medicine, and International. The company sells its products primarily to the retailers and distributors including food store chains and national retail drug. The prime customers are hospitals, clinics, and government agencies as well as managed healthcare providers, such as health maintenance organizations and other institutions.

The company has operations in 100 countries. The US and Canada account for around 10% of the company’s revenue. The three prominent customers of the company are McKesson Corporation, which accounted for around 25% of the sales revenue; Cardinal Health, Inc with 23%; and AmerisourceBergen Corporation with 22% in 2018. In addition, the company has development and manufacturing centers of raw materials, intermediate ingredients, and active pharmaceutical ingredients. Its manufacturing plants are located in Ireland, the US, Brazil, Belgium, France, and Costa Rica.

Strategy

Allergan focuses on increasing its footprints globally by establishing its manufacturing, research and development, and commercial operations in various regions across the world. To increase sales and marketing, Allergan concentrates on targeted activities, that include direct-to-consumer advertising to raise consumer awareness about products. It also aims at engaging physicians and surgeons through its sales team and other programs to ensure they are fully informed about their products offer.

Company Snapshot

$14,570.6M

Revenue

16,900

Employees

2012-12-31

Founded

Dublin, Ireland

Headquarters

SWOT Analysis

Strengths

  • Wide distribution network
  • High customer satisfaction
  • Product innovation
  • Skilled workforce
  • Large customer base
  • Strong distribution network
  • Strong customer base
  • Well-developed distribution network
  • Strategic collaborations
  • Prominent presence in the global market
  • Strong research and development
  • Market leader in HA manufacturing
  • Product innovation, incorporating strong product portfolio of Juvederm hyaluronic acid series
  • Large customer base owing to continuous product approvals and launches
  • Wide distribution network with companies such as Cardinal Health, McKesson Corporation, and AmerisourceBergen Corporation
  • Strong acquisition record, including Elastagen Pty Ltd and Repros Therapeutics, Inc in 2018

Weaknesses

  • Supply-demand gap due to poor forecasting abilities
  • Continuous operating loss
  • Unstable collaborations and acquisitions
  • Poor forecasting of product demand
  • Expenditure on R&D is less in comparison to other key players
  • Unstable collaboration activities
  • Supply-demand gap due to inefficient forecasting
  • Mature product portfolio
  • Continuous operating loss, e.g. operating loss of USD 6,247.6 million in 2018, and USD 5,921.2 million in 2017
  • Divestitures of business, such as sales of few dermatology products to Almirall, S.A, can impact the revenue generation process
  • Limited focus on the developing as well as developed economies, other than the US. In 2018, the revenue generated internationally contributed approximately 22% of the total revenue
  • Low research & development expenditure
  • Supply-demand gap due to poor forecasting techniques
  • Low research and development expenditure

Opportunities

  • Collaboration with public sector institutions
  • Targeting new customers through online channels
  • Increasing mergers and acquisitions
  • Venturing in new markets due to public private partnerships
  • Developing innovative products
  • New customers through online channels
  • New product launches
  • Collaboration with public sector institutions can fetch the company long-term projects
  • Targeting new customers through online channels can open lucrative options for market expansion
  • Tie-ups with distributors throughout the world for increase in geographical revenue generation
  • Increasing mergers & acquisitions
  • Engaging customers through online channels
  • Expansion to new markets due to public private partnerships
  • New markets due to public private partnerships

Threats

  • Strict government regulations
  • Availability of counterfeit products
  • Fluctuations in foreign exchange rates
  • Counterfeit products
  • Fluctuation in currency rates
  • Increasing generic drugs acceptance
  • Threat of substitutes
  • Global economic slowdown
  • Availability of counterfeit products can decrease the preference rate of customers

Key Developments

DateApproachDevelopment
September 2019Product ApprovalAllergan received the US Food and Drug Administration (FDA) approval for the use of Juvéderm VOLUMA XC, a hyaluronic acid gel dermal filler, with a TSK STERiGLIDE cannula for cheek augmentation to correct age-related volume deficit in the middle part of the face in adults over the age of 21.
April 2019LaunchAllergan announced the launch of Juvéderm VOLUX in Monaco. It is HA-based, the innovative product used as facial filler for chin and jaw lines.
March 2019AcquisitionAllergan acquired Envy Medical, Inc., a privately held company with proprietary technology in skin resurfacing. The acquisition enhanced the former’s best-in-class medical aesthetics portfolio.
January 2019ExpansionAllergan announced the establishment of a research & development facility in the Kendall Square section of Cambridge, Massachusetts. Thus, through this, the company aims to expand its research facilities
September 2018ExpansionAllergan announced plans to open its first medical aesthetics innovation center in Chengdu, China. Through this, the company plans to expand its foothold in the Chinese market.
February 2017AcquisitionAllergan acquired LifeCell Corporation, a leading regenerative medicine company, thus expanding its product portfolio in the aesthetic and plastic surgery segment.
March 2017Product ApprovalAllergan received the FDA approval for Juvéderm Vollure XC used to reduce facial wrinkles and folds in adults over the age of 21.
July 2017Clinical Trial Results DeclarationAllergan announced the results of a prespecified prospective pooled subgroup analysis from the two Phase 3 studies (IBS-3001 and IBS-3002), which evaluated the efficacy and safety of Viberzi to treat the irritable bowel syndrome with diarrhea (IBS-D), irrespective of the prior use of loperamide.
January 2017AgreementAllergan entered into a license agreement with Assembly Biosciences, Inc. for the worldwide rights to Assembly’s microbiome gastrointestinal (GI) development activities. With this agreement, Allergen received the worldwide rights to preclinical compounds ABI_M201 and ABI-M301, as well as two additional compounds to be identified by Assembly for irritable bowel syndrome.
AgreementAllergan and AbbVie Inc. entered into a definitive transaction agreement under which AbbVie Inc. acquired Allergan in a cash and stock transaction for a transaction equity value of approximately USD 63 billion.
ExpansionAllergan announced the establishment of a research & development facility in the Kendall Square section of Cambridge, Massachusetts. Thus, through this, the company aims to expand its research facilities.
LaunchAllergan launched Spotlyte, an innovative digital hub of curated content designed to create awareness about medical aesthetic treatments.
AgreementAllergan acquired Bonti, Inc., a privately-held clinical-stage biotechnology company focused on the development and commercialization of novel, fast-acting neurotoxin programs for aesthetic and therapeutic applications.
AcquisitionAllergan acquired ZELTIQ Aesthetics, Inc., a medical technology company. The company comprises a proprietary controlled-cooling fat-reducing treatment, CoolSculpting. The acquisition of ZELTIQ Aesthetics cost an approximate of USD 2.4 billion.
November 2019AgreementAllergan has teamed up with Exicure, a US-based clinical-stage biotechnology company, to discover treatments for hair loss disorders. Under this agreement, Exicure will receive USD 25 million from Allergan to apply Exicure’s spherical nucleic acid (SNA) technology for two collaborative programs.
June 2019AgreementAllergan and AbbVie Inc. entered into a definitive transaction agreement under which AbbVie Inc. will acquire Allergan in a cash and stock transaction for a transaction equity value of approximately USD 63 billion.
January 2019ExpansionAllergan announced the establishment of a research & development facility in the Kendall Square section of Cambridge, Massachusetts. Through this, the company aims to expand its research facilities.
March 2019Product ApprovalAllergan received the US Food and Drug Administration (FDA) approval for using hyaluronic acid gel filler product, named JUVÉDERM VOLUMA XC. This product will be used for cheek augmentation that will correct age-related volume deficit in the mid-face in adults aged over 21.
October 2018Product ApprovalAllergan received approval by the US Food and Drug Administration (FDA) to treat the submandibular area through the CoolSculpting treatment.
June 2017AcquisitionAllergan acquired Keller Medical, Inc. With this acquisition, the company gained control over Keller’s product portfolio.
April 2017AcquisitionAllergan acquired Zeltiq Aesthetics, Inc. for USD 2,405.4 million to expand its product portfolio. Zeltiq is into development and commercialization of Coolsculpting products.
July 2016Chugai and Galderma Announce Global License Agreement for Nemolizumab (CIM331), Novel Biologic for Skin Diseases. The primary aim of this agreement is to improve atopic dermatitis by breaking the itch-scratch cycle which has great expectation for nemolizumab.
April 2016Galderma Announces U.S. Collaboration in Aesthetics with Mentor Worldwide, LLC by this Collaboration Mnetor and Galderma will provide huge products to healthcare professionals who have patients requiring products for facial injectable and breast enhancement.
January 2016Maruho and Galderma to Join Forces in a Strategic Alliance in Japan. One of the major reasons of this strategic alliance is that galderma will permit maruho to additionally promote their products in japan in the field of dermatology.
December 2015Galderma and ZELTIQ Announce U.S. Collaboration in Aesthetics. This collaboration between two of the fastest growing companies in aesthetics will provide healthcare professionals with beauty professionals and advanced technology for facial rejuvenation.
October 2019Product ApprovalAllergan received approval for Botox by the US Food and Drug Administration (FDA) to treat the lower limb spasticity in pediatric patients of age group 2 to 17

Product Offering

  • Allergan
    • Hyaluronic Acid
    • Anticholinergic Drugs
    • Alloderm Tissue Matrix
    • Strattice Tissue Matrix
    • Keller Funnel
    • Natrelle
    • Biocell
    • Truetear Intranasal Tear Neurostimulator
    • Facial Fat Transfer
    • Irritable Bowel Syndrome
    • Medical Aesthetics
    • Therapeutic Categories
    • Botulinum Toxin
    • Anti-Ageing

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Allergan as part of our ongoing coverage of the Healthcare sector, drawing on public company data, filings, and market intelligence.

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We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
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Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

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