Pharma BD Deal Intelligence

Valeant Pharmaceuticals International, Inc. / Dermik Laboratories (Sanofi dermatology unit)

2011 · Asset Purchase · $425M · Complete

WRONG BY 27 POINTS
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The coverage arc

Jul 11, 2011 FiercePharma Bullish

Valeant snaps up Sanofi's Dermik for $425M, adding Sculptra, BenzaClin and Carac and reinforcing its aggressive dermatology roll-up strategy under CEO Mike…

Dec 09, 2011 Federal Trade Commission Neutral

FTC required Valeant to divest topical 5-FU, BenzaClin/clindamycin-BPO generic rights, and a wrinkle treatment to Mylan and Spear Pharmaceuticals as a…

Dec 19, 2011 Dermatology Times Neutral

Valeant's twin acquisitions of Ortho and Dermik dramatically expand its prescription dermatology footprint, but FTC-mandated divestitures temper the strategic…

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Sanofi divested its US/Canada dermatology unit Dermik to Valeant for ~$425M cash. Portfolio included Sculptra, BenzaClin, Carac. Closed December 16, 2011 with FTC-mandated divestitures.

Did it work? Outcome assessment

Strategic verdict
Partially Achieved

Key facts

Related deals — scored

DealYearValueOutcome
Valeant Pharmaceuticals International, Inc. / Dermik Laboratories (Sanofi dermatology unit) (this deal)2011$425M36
Valeant Pharmaceuticals International, Inc. / Dow Pharmaceutical Sciences, Inc.2009$285M66
Valeant Pharmaceuticals International, Inc. / iNova Pharmaceuticals2011$700M63
Valeant Pharmaceuticals International, Inc. / Xcel Pharmaceuticals, Inc.2005$280M42
Valeant Pharmaceuticals International, Inc. / Bausch + Lomb2013$8.7B36
Valeant Pharmaceuticals International, Inc. / Medicis Pharmaceutical Corporation2012$2.6B33
Valeant Pharmaceuticals International, Inc. / PreCision Dermatology, Inc.2014$475M23

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