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

008 year, Cash EPS was $0.81 as compared to $0.86 for the full year 2007.

2009 Guidance

The company has provided a Cash EPS target of between $1.35 and $1.60 in 2009. This calculation of Cash EPS will exclude certain items, such as acquired IPR&D, restructuring, asset impairments and dispositions, amortization expense and the tax effect of such changes and, for 2009, the new non-cash accounting charge for interest on the convertible debt related to FSP APB 14-1.

Conference Call and Webcast Information:

Valeant will host a conference call today at 11:00 a.m. EST (8:00 a.m. PST) to discuss its 2008 fourth quarter and year end results. The dial-in number to participate on this call is (877) 295-5743, confirmation code 83660030. International callers should dial (973) 200-3961, confirmation code 83660030. A replay will be available approximately two hours following the conclusion of the conference call through March 3, 2009 and can be accessed by dialing (800) 642-1687, or (706) 645-9291, confirmation code 83660030. The company will webcast the conference call live over the Internet. The webcast may be accessed through the investor relations section of Valeant's corporate Web site at www.valeant.com.

About Valeant:

Valeant Pharmaceuticals International (NYSE: VRX) is a multinational specialty pharmaceutical company that develops and markets a broad range of pharmaceutical products primarily in the areas of neurology and dermatology. More information about Valeant can be found at www.valeant.com.

Forward-looking Statements:

This press release contains forward-looking statements, including, but not limited to, statements regarding the gr
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SOURCE Valeant Pharmaceuticals International
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