It’s entirely possible you’ve used an Actavis (ACT) — formerly Watson Pharmaceuticals — drug without even knowing it.
The company makes several generics, but one of its most important is paracetamol. You may know it better as Tylenol, or under its broader name acetaminophen. Whatever it’s called, the consumers bought more than $6 billion worth of paracetamol last year.
With Johnson & Johnson (JNJ) still feeling the fallout of its Tylenol recall in the middle of last year, contract manufacturers like Actavis had a chance to garner some new customers.