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Valeant To Buy Branded Generics Assets From Gerot Lannach

DOW JONES NEWSWIRES Valeant Pharmaceuticals International Inc. (VRX) said Tuesday it's acquiring from Austria's Gerot Lannach certain branded generics assets that generate the bulk of their sales in Russia. Mississauga, Ont.-based Valeant said the assets generated net revenue of about $55 million last year. Gerot Lannach's largest product is acetylsalicylic acid, a low-dose aspirin. Valeant said it will pay less than three times sales, and may make up to an additional $20 million in milestone payments, based upon future performance objectives. As part of the transaction, Valeant and Gerot Lannach will enter into a strategic partnership that includes an exclusive 10-year supply agreement for the acquired products and the opportunity for Valeant to introduce additional Gerot Lannach products into Valeant territories such as its emerging markets in Southeast Asia and Latin America. Valeant expects the transaction to boost results starting immediately. -By Carolyn King, Dow Jones Newswires; 416-306-2100; carolyn.m.king@dowjones.com

Stock News for Valeant Pharma (VRX)
DateTimeHeadline
09/02/201517:13:00Harwood Feffer LLP Announces Investigation of Synergetics USA...
09/02/201509:55:00Valeant Agrees to Acquire Synergetics -- Update
09/02/201509:30:00Valeant Agrees to Acquire Synergetics
09/02/201509:15:00Valeant Agrees to Acquire Synergetics
09/02/201508:00:00Valeant Pharmaceuticals To Acquire Synergetics USA
09/02/201508:00:00Valeant Pharmaceuticals To Acquire Synergetics USA
09/01/201509:58:00Valeant Strikes Psoriasis-Drug Pact With AstraZeneca -- Update
09/01/201504:10:00Valeant Strikes Psoriasis-Drug Pact With AstraZeneca
09/01/201503:42:00Valeant Strikes Psoriasis-Drug Pact With AstraZeneca
09/01/201502:00:00Valeant And AstraZeneca To Partner On Brodalumab
09/01/201502:00:00Valeant And AstraZeneca To Partner On Brodalumab
08/27/201516:35:25Statement of Changes in Beneficial Ownership (4)
08/25/201516:48:25Statement of Changes in Beneficial Ownership (4)
08/25/201508:40:45Current Report Filing (8-k)
08/25/201508:00:00Valeant Pharmaceuticals Announces The Addition Of D. Robert Hale...
08/25/201508:00:00Valeant Pharmaceuticals Announces The Addition Of D. Robert Hale...
08/20/201507:28:00Valeant Pharmaceuticals To Acquire Sprout Pharmaceuticals
08/20/201507:28:00Valeant Pharmaceuticals To Acquire Sprout Pharmaceuticals
08/14/201514:19:16Bernie Sanders, Elijah Cummings Question Valeant on Heart-Drug...
08/10/201509:15:00Active Equities to Watch in the Healthcare Sector -- AstraZeneca...

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