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Watson-Actavis deal will 'strengthen' support to UK pharmacists

Business US manufacturer Watson Pharrmaceuticals has acquired Actavis in a £3.45 billion deal that Actavis generics director Michael Cann (pictured) hopes will strengthen the company's relationship with pharmacists.

The acquisition of Actavis by US company Watson Pharmaceuticals will "strengthen" the support Actavis provides to UK pharmacists, generics director Michael Cann has told C+D

Mr Cann said Actavis would continue its policy to ensure that "pharmacists have access to our medicines off patent at day one or as early as possible", following the £3.45 billion (€4.25bn) acquisition announced last month, which makes the combined group the third largest global generics company.

Actavis generics director Michael Cann hopes the Actavis-Watson deal will strengthen its relationship with pharmacists

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The appointment of former Actavis CEO Siggi Olafsson as president of Watson in April meant the company had "a good insight into the UK" and fully supported its business model, said Mr Cann.

Combining the two companies would "hopefully strengthen" its relationship with pharmacists, he added.

"We need the appropriate relationship with retail pharmacy and we need to have those relationships through our sales people in order to develop the services that they need to support their dispensing of medicines."

Watson announced it would change its name to Actavis, following the acquisition of the generics manufacturer in October.

The company has a combined portfolio of 900 products across generics, hospital medicines and consumer healthcare and estimates that Actavis packs account for one in seven of all generics dispensed in the UK.

There were no immediate plans to alter its medicine packaging, the manufacturer said, although this would be decided in a re-branding programme next year.


Do you think the deal will strengthen your relationship with Actavis?

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