Why did Allergan form AMO as a spin-off venture?
I had been with Allergan for 22 years and was part of its executive team when we came to the realization that management had been operating two distinct businesses under the Allergan umbrella. One was engaged in specialty pharma, while the other was focused on medical devices. Since Allergan was a publicly traded company, the question for management involved what strategy would be best for shareholders.
