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Valeant to acquire full US-Canadian rights to Zovirax for $300 million to "revitalise" brand

This article was originally published in Scrip

Executive Summary

In a move that follows the recent acquisition of PharmaSwiss, Valeant Pharmaceuticals has signed agreements to acquire the US and Canadian rights to the topical products Zovirax (aciclovir) Ointment and Zovirax Cream from GlaxoSmithKline for $300 million. The company has also announced a senior notes offering of $650 million to help pay for both deals.



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