Valeant Pharma (VRX) to Acquire Sprout Pharmaceuticals in ~$1B + Milestones Deal
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BMO Capital Remains Bullish on Valeant Pharma (VRX) Following Announced Acquisition of 'Female Viagra' Maker Sprout Pharma
August 20, 2015 11:29 AM EDTBMO Capital reiterated an Outperform rating and $285 price target on Valeant Pharmaceuticals (NYSE: VRX) following the announced acquisition on Sprout Pharmaceuticals. Sprout recently received FDA approval for Addyi (filbanserin) , a non-hormonal pill for the treatment of acquired, generalized hypoactive sexual desire disorder (HSDD), on August 18th. Valeant will pay ~$1 billion... More
Palatin Technologies (PTN) on Watch as Rival Sprout Said Near Deal to Be Acquired
August 20, 2015 6:21 AM EDTPalatin Technologies (NYSE: PTN) is on watch amid reports from the Wall Street Journal that Valeant Pharmaceuticals (NYSE: VRX) is near a deal to by rival Sprout Pharmaceuticals, which just won FDA approval for a drug to boost a woman's libido, for $1 billion.
... MoreValeant to buy 'female Viagra' maker Sprout Pharma
August 20, 2015 12:25 AM EDTBy Natalie Grover, Caroline Humer and Ransdell Pierson
(Reuters) - Canada's Valeant Pharmaceuticals International Inc (NYSE: VRX) (NYSE: VRX) said on Thursday it would buy Sprout Pharmaceuticals, which makes a controversial new drug to treat low sexual desire in women, for about $1 billion.
Valeant shares fell about 5 percent as Wall Street questioned whether the acquisition would be too risky for the big drugmaker, which has done six other deals this year.
The U.S. Food and Drug Administration approved Sprout's Addyi on Tuesday after... More
