Deals, Partnering

Asset purchase agreement for dermatology product portfolio

Posted on 26 August 2014

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Valeant Canada has completed the acquisition of Valeo Pharma's dermatology product portfolio and several specialty products.

Valeo Pharma's portfolio includes brands such as Aristocort C and Valisone G.

These treatments add to Valeant Canada's existing line of dermatitis solutions, joining Elidel, Dermatop, Topicort, UltraVate and CeraVe.

The acquisition also includes Veralac for nail dystrophy, which complements Valeant Canada's recently launched topical solution, Jublia, for onychomycosis.

aleo Pharma's portfolio also comprises the specialty products Vancomycin, an injectable antibiotic for severe staphylococcal infections, and Cophylac, a well-known antitussive.

The acquisition of this complementary portfolio of products supports Valeant Canada's desire to build on its current product offering and to meet physician and patient needs.

The company has resumed its skincare buying spree, picking up a dermatology portfolio and an array of specialty products from Valeo Pharma for $25.3 million.

According to Quebec-based Manitex Capital, which owns 40% of subsidiary Valeo, Valeant will fork over $18.3 million in cash and shell out the balance over the next three years, The Canadian Press reports. The new purchase will join a long line of recent dermatology buys, including Solta Medical, Medicis and Obagi Medical.

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