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2Q EARNINGS: Allergan boosts sales, cuts jobs, provokes Valeant

This article was originally published in Scrip

Executive Summary

With a 23.8% rise in second quarter earnings and a plan to cut $475m in 2015 expenses, including 1,500 jobs, Allergan thwarted an unsolicited $54bn acquisition bid by Valeant Pharmaceuticals with its continued assertion that the company doesn't need Valeant's money to increase its value.

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