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Sanofi Divests Dermik Dermatology Unit to Valeant Pharmaceuticals International, Inc.
Date:7/11/2011

benefit from Valeant's stronger presence in dermatology."

"We are pleased to add another strong dermatology franchise to our growing operations in the U.S. and Canada," stated J. Michael Pearson, chairman and chief executive officer of Valeant.  "Dermik's assets, both in the medical and aesthetic therapeutic areas, provide us with exciting opportunities to leverage our combined portfolios in our current markets as well as options to expand Valeant's presence to other territories.  Furthermore, the manufacturing facility will provide increased capacity for our future growth initiatives in the U.S. and Canada."  

The closing of the transaction is subject to customary conditions, including clearance by certain antitrust authorities.

About DermikDermik is a leading global dermatology business with approximately 140 employees in the U.S. dermatology division and 200 in Laval, Canada. Activities include the manufacturing, marketing and sale of both therapeutic and aesthetic dermatology products including leading brands such as BenzaClin® for the treatment of acne, Carac® for the treatment of keratoses and Sculptra®, a facial injectable for the correction of facial wrinkles and folds. Founded in 1947, Dermik is one of the oldest dermatology businesses in the United States. Dermik currently markets a portfolio of 18 products in total, including 10 products in the United States. While primarily a US business, the Dermik business has a significant presence in the medical dermatology market in Canada. Additionally, Dermik markets 2 aesthetic products in 29 countries outside North America. Many of Dermik's products are manufactured at the manufacturing and packaging facility located in Laval, Canada.

About Valeant Pharmaceuticals International, Inc.Valeant Pharmaceuticals International, Inc. (NYSE/TSX: VRX) is a multinational specialty pharmaceutical company that develops, manufactures and marke
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SOURCE Sanofi
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