Watson Announces Global Generics Management Team

Watson Announces Global Generics Management Team PR Newswire PARSIPPANY, New Jersey, Oct. 31, 2012 PARSIPPANY, New Jersey, Oct. 31, 2012 /PRNewswire/ -- Watson Pharmaceuticals, Inc. (NYSE: WPI) today announced the Global Generics management team, following the announcement of the completion of the acquisition of the Actavis Group for EUR 4.25 billion. The combination creates the world's third largest generic pharmaceutical company, with anticipated pro forma combined 2012 revenues in excess of $8 billion. "Since the announcement of our intention to acquire Actavis in April 2012, we have been working to ensure that we have the management structure in place to capitalize on the commercial momentum of this combined organization," said Paul Bisaro, President and CEO of Watson. "Led by Siggi Olafsson, President, Global Generics, we begin operations as one company, with a commercial team that recognizes the extraordinary commercial expertise of senior leaders from both companies. We are structured to ensure that we immediately create value for customers and shareholders." Managing Expanded Global Generic Footprint The combined company has operations in more than 60 countries, with a top 10 position in over 33 markets including the U.S., U.K., Canada, Australia, Nordics and Russia. The Company is also the fastest growing generic pharmaceutical company in Western Europe.