Aliso Viejo-based Valeant Pharmaceuticals announced today that it is in an agreement to buy a Brazilian manufaturer of branded, generic and over the counter pharmaceuticals. According to Valeant, the deal is worth approximately $28M. Valeant said the Brazilian firm has annual sales of approximately $19M in 2009, mainly in the dermatology business. In a related move, Valeant said it will acquire a 165,000 square foot manufacturing plant in Brazil for approximately $28M. Name of the Brazilian firm was not released by the company. Valeant said the buy will advance its dermatolog presence in the Brazilian market.
Top NewsFriday, March 19, 2010
Valeant Buys Brazilian Firm