Allergan completes sale of obesity intervention business

Allergan announced that it has completed the sale of its obesity intervention business to Apollo Endosurgery. Under the terms of the agreement, which was first announced on October 29, Allergan received a cash payment of $75M, subject to certain adjustments, and a $15M minority equity interest in Apollo Endosurgery. Allergan may also receive up to $20M in contingent consideration upon the achievement of certain regulatory and sales milestones.

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