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Memantine for Ophthalmic Indications
Drug Names(s): Memantine for Ophthalmic Indications
Description: Memantine acts as an NMDA glutamate receptor antagonist.
Allergan has licensed certain rights to the technology underlying Memantine fromChildren's Medical Center Corporation and Merz + Co. GmbH & Co.
Actavis and Allergan
In November 2014, Actavis and Allergan announced that they have entered into a definitive agreement under which Actavis will acquire Allergan for a combination of $129.22 in cash and 0.3683 Actavis shares for each share of Allergan common stock. Based on the closing price of Actavis shares on November 14, 2014, the transaction is valued at approximately $66 billion, or $219 per Allergan share.
In March 2015, Actavis announced that it has completed the acquisition of Allergan in a cash and equity transaction valued at approximately $70.5 billion.
In June 2015, Actavis announced that the company has adopted Allergan as its new global name and will begin trading under a new symbol (AGN). The company name change follows the acquisition of Allergan in March 2015 and the approval of the name...See full deal structure in Biomedtracker
Partners: Merz Pharmaceuticals GmbH
Memantine for Ophthalmic Indications News
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