Monday, March 1, 2010

Valeant Links With Spear Pharmaceuticals

Aliso Viejo-based Valeant Pharmaceuticals said today that it has entered into an agreement with Spear Pharmaceuticals, where the firm will commercialize a cream used to reduce wrinkles and fade irregular pigmentation due to sun damage. Valeant said it will pay $12M to spear plus share in net profits on the deal. The deal covers Spear's Refissa prescription topical tretinoin cream.

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