You are Trying to View a Free Article

Daily News You Can't Find Anywhere Else

Allergan Cancels $200 Million Waco Expansion, an Industrial Info Market Brief


Industry Segment: Pharmaceutical & Biotech | Word Count: 84 Words
Attachment: Allergan Plant in Waco

They're weeping in Waco, Texas, as Allergan made public the decision to cancel a $200 million expansion that would have doubled its 300,000-square-foot manufacturing plant. The project was scrapped due " the anticipated loss of the company's exclusivity on Restasis in 2018," according to a statement made by the company. The dry eye drug brought in $1.4 billion in sales last year, making it Allergan's second-biggest seller. As reported by Industrial Info Resources, the Waco site has completed nearly $200 million in capital projects.

Subscribe Now! All Fields Required...

Standard Membership - Free