Pharma BD Deal Intelligence

Watson Pharmaceuticals (Actavis Inc.) / Arrow Group

2009 · Acquisition/Merger · $1.8B · Complete

CALLED IT — OFF BY 3

Arrow Group was the foundational pivot that turned Watson into a genuine global generics platform, directly enabling the Actavis rebrand and the Actavis/Allergan roll-up era

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The coverage arc

Jun 17, 2009 BioSpace Bullish

Watson goes global with $1.75B Arrow deal, gaining commercial presence in over 20 international markets and a robust pipeline of 40 expected approvals over…

Dec 02, 2009 Federal Trade Commission Neutral

FTC consent order required Watson to divest generic cabergoline to Impax and Arrow's Resolution subsidiary to a new entity to preserve generic competition in…

Source summaries from our enrichment pipeline; follow links for originals.

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$1.05B cash + ~$500M Watson stock + $200M zero-coupon preferred. Generics; FTC consent order Dec 2009. Source: Watson IR, BioSpace, BioWorld.

Did it work? Outcome assessment

Arrow Group was the foundational pivot that turned Watson into a genuine global generics platform, directly enabling the Actavis rebrand and the Actavis/Allergan roll-up era

Strategic verdict
Achieved Stated Rationale

Key facts

Related deals — scored

DealYearValueOutcome
Watson Pharmaceuticals (Actavis Inc.) / Arrow Group (this deal)2009$1.8B85
Watson Pharmaceuticals (Actavis Inc.) / Actavis plc2012$5.9B97
Watson Pharmaceuticals (Actavis Inc.) / Amarin Development AB (Amarin Corp subsidiary)2003$150M70
Watson Pharmaceuticals (Actavis Inc.) / Andrx Corporation2006$1.9B65
Watson Pharmaceuticals (Actavis Inc.) / Schein Pharmaceutical Inc.2000$674M65
Watson Pharmaceuticals (Actavis Inc.) / Eden Biodesign Limited2010$15M63
Watson Pharmaceuticals (Actavis Inc.) / Andrx Corporation2007$1.9B62

Compare all 7 side-by-side →

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