Valeant Pharmaceuticals is on
the acquisition trail again, overnight
announcing a deal to purchase
precision optical surgical device
supplier Synergetics USA.
The definitive agreement, worth
more than US$160 million, aims
to increase the global presence of
Valeant’s Bausch & Lomb offshoot
in “the rapidly evolving field of
vitreoretinal surgery,” according to
Valeant ceo J. Michael Pearson.
The board of Synergetics has
unanimously approved the
deal which includes an up-front
payment of US$6.50 per share, plus
milestone payments.
Other recent Valeant acquisitions
include Sprout Pharmaceuticals.The above article was sent to subscribers in Pharmacy Daily's issue from 03 Sep 15 To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 03 Sep 15
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