Allergan, Inc. (NYS: AGN) Hits Deal to Obtain Skin Care Business from SkinMedica – AGN, NVS, JNJ, VRX

Allergan, Inc. (NYS: AGN)declares that it has moved into a decisive deal with SkinMedica, Inc. to pbtainthe privately held firm’s topical aesthetics skin care unit.

According to the terms of the deal, Allergan would pay SkinMedica $350 million directly (subject to few adjustments) for the unit, which contains a range of “physician dispensed” non-prescription aesthetic skin care items and prescription products.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Novartis AG (ADR) (NYSE:NVS) rose +0.05% to settle at $59.00, Johnson & Johnson (NYSE:JNJ) moved up +0.17% to end at $69.19 while Valeant Pharmaceuticals Intl Inc (NYSE:VRX) jumped +3.36% to finish at $5.54 on Friday.

Allergan, Inc. (NYSE:AGN) last session’s volume of 1.83 million shares was higher than its average volume of 1.59 million shares. The stock after opening at $87.73 hit high price of $89.32 and then closed at $88.71 by scoring +0.86%.

AGN generated revenue of $5.70 billion in the previous twelve months and earned $1.05 billion. The Company showed a positive 18.55% in the net profit margin as well as in its operating margin which remained at27.32%. Company’s annual sales growth for the past five years was 12.09%.

The AGN’s past twelve months’ price to sales ratio was 4.79 and price to cash ratio remained 9.30. As far as the returns are concerned, AGN’s return on equity was recorded as 19.75% and return on investment increased 14.03% while its return on asset stayed at 12.37%.

The stock showed weekly downbeat performance of -1.91% which was maintained for the month at -5.76%. Likewise the positive performance for the quarter was recorded as 2.63% and for the year was 6.04% while the YTD performance remained at 1.28%.

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