Arab Today, arab today valeant buys female viagra maker for 1bn
Last Updated : GMT 12:48:35
Arab Today, arab today
Arab Today, arab today

Valeant buys 'female Viagra' maker for $1bn

Arab Today, arab today

Arab Today, arab today Valeant buys 'female Viagra' maker for $1bn

Female Viagra
New York - AFP

Canada's Valeant Pharmaceuticals is paying $1 billion to buy Sprout Pharmaceuticals, which just won US government approval to sell the first "female Viagra" drug, the firms announced Thursday.

North Carolina-based Sprout received the nod Tuesday from the US Food and Drug Administration for flibanserin, to be marketed as Addyi in the United States, to treat a condition known as "acquired, generalized hypoactive sexual desire disorder (HSDD)," or sudden and severe loss of libido.

It was the first FDA-approved treatment for sexual desire disorders in men or women.

Under the terms of the acquisition agreement, Valeant will pay about $1 billion in cash for Sprout: $500 million upon the closing of the transaction, expected by end-September, and $500 million payable in the first quarter of 2016.

Valeant, based in Laval, just outside Montreal, also will pay a share of future profits benchmarked to achievement of certain milestones.

Valeant expects Addyi to be available in the United States in the fourth quarter this year, and plans to bring the drug to the international market.

"Delivering a first-ever treatment for a commonly reported form of female sexual dysfunction gives us the perfect opportunity to establish a new portfolio of important medications that uniquely impact women," said J. Micheal Pearson, Valeant chairman and chief executive, in a statement.

"We applaud the efforts of the Sprout team to address this important area of unmet need and look forward to working with them to bring the benefits of Addyi to additional markets around the world."

Valeant shares were up 0.2 percent at $245.47 in pre-market trade on the New York Stock Exchange.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today valeant buys female viagra maker for 1bn Arab Today, arab today valeant buys female viagra maker for 1bn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today valeant buys female viagra maker for 1bn Arab Today, arab today valeant buys female viagra maker for 1bn

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday