Allergan Mulls Selling Troubled Weight-Loss Unit
On Tuesday, officials at Irvine-based Allergan announced that the company is considering selling its Lap-Band unit after five consecutive quarters of falling sales. The Lap-Band weight-loss device has faced broad criticism and scrutiny over its safety and effectiveness.
- "Allergan May Sell Lap-Band Unit Amid Declining Sales" (Pfeifer, Los Angeles Times, 10/31).
- "As Sales Fall, Allergan Seeks a Buyer for Lap-Band" (Pollack, New York Times, 10/31).