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Valeant nears deal for "female Viagra" maker Sprout Pharmaceuticals - WSJ

Published 2015-08-20, 12:21 a/m
© Reuters.  Valeant nears deal for "female Viagra" maker Sprout Pharmaceuticals - WSJ
BHC
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Aug 20 (Reuters) - Canada's Valeant Pharmaceuticals (NYSE:VRX)
International Inc VRX.TO is nearing a deal to pay $1 billion
for Sprout Pharmaceuticals, the company that just won approval
to sell the first drug that aims to boost a woman's libido, the
Wall Street Journal reported.
Valeant would pay all cash, one $500 million installment
upfront and one next year, for Sprout Pharmaceuticals and its
pink libido pills that will be sold under the brand name Addyi,
the Journal reported, citing a person familiar with the matter.
(http://on.wsj.com/1K7qXds)
Reuters could not immediately reach Valeant or Sprout for
comment outside regular business hours.

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