Valeant Pharmaceuticals to Acquire Australia's iNova
Valeant will pay iNova shareholders A$625 million upfront and up to an additional A$75 million in potential milestones.
Valeant Pharmaceuticals, a multinational specialty pharmaceutical company, announced yesterday that it has signed an agreement to acquire iNova, a private pharmaceutical group which sells and distributes a range of prescription and over-the-counter (OTC) products in Australia, New Zealand, Southeast Asia and South Africa.
iNova owns, develops and markets a diversified portfolio of well established and innovative prescription and OTC pharmaceutical products in the Asia Pacific region and South Africa, including leading therapeutic weight management brands such as Duromine, as well as leading OTC brands in the cold and cough area, such as Difflam and Duro Tuss.
Valeant will pay iNova shareholders A$625 million upfront and up to an additional A$75 million in p
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