Valeant Pharmaceuticals International, Inc. (Sanofi)
The FTC approved consent orders requiring Valeant Pharmaceuticals International to divest three dermatological drug products as a condition of acquiring Ortho Dermatologics and Dermik Laboratories. Valeant was required to sell manufacturing and marketing rights for acne and actinic keratosis treatments to Mylan Pharmaceuticals, and marketing rights for a fine-line wrinkle treatment to Spear Pharmaceuticals. The settlements were designed to preserve competition and prevent price increases that would have resulted from the acquisitions. No marketing claims were flagged; this is a merger-remedy consent order.
Required actions (2)
Valeant will sell the manufacturing and marketing rights to drug products that treat acne and actinic keratosis, a pre-cancerous skin lesion, to Mylan Pharmaceuticals Inc.
Valeant also will sell the marketing rights to a drug that treats fine line wrinkles to Spear Pharmaceuticals, Inc.
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