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News
23 Dec 2011

Valeant Completes Acquisition of iNova

Canada-based Valeant Pharmaceuticals has completed its acquisition of Sydney-based iNova Pharmaceuticals.

Canada-based Valeant Pharmaceuticals has completed its acquisition of Sydney-based iNova Pharmaceuticals.

 

Valeant agreed to pay iNova shareholders A$625m upfront and up to an additional A$75m in potential milestones based on the success of pipeline activities, product registrations and overall revenue.

 

iNova has a diversified portfolio of prescription and OTC pharmaceutical products in the Asia Pacific region and South Africa, including weight management brand Duromine, and OTC brands in tge cold and cough area, such as Difflam and Duro Tuss.

 

Valeant Pharmaceuticals develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology, dermatology and b

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