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Valeant Pharmaceuticals Reports Fourth Quarter and Full Year Financial Results
Date:2/24/2009

ber 31, 2008 Valeant SG&A $483 Valeant R&D 10,193 10,676 GSK 2,394 $13,070 Equalization (difference between individual partner costs and 50% of total) $4,141 Three months ended December 31, 2008 Balance Alliance sheet revenue SG&A R&D Accounting impact Upfront payment from GSK $125,000 - - - Incurred cost 483 10,193 Release from upfront payment deferral 10,909 (4,374) (483) (6,052) 114,091 Equalization receivable from GSK 4,141 (4,141) $109,950 $(4,374) $- $- (Logo: http://www.newscom.com/cgi-bin/prnh/20081125/VALEANTLOGO)
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