Valeant Pharmaceuticals Announces Approval of Sublinox®... ( MISSISSAUGA Ontario July 25 2011 /- V...)

Valeant Pharmaceuticals Announces Approval of Sublinox® in Canada

Date:7/25/2011

MISSISSAUGA, Ontario, July 25, 2011 /PRNewswire/ -- Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) announced that its wholly owned subsidiary, Valeant Canada Limited, has received notice that the New Drug Submission for Sublinox has been approved from the Canadian regulatory authority Health Canada. Sublinox (zolpidem tartrate) is indicated for the short-term treatment and symptomatic relief of insomnia characterized by difficulty in falling asleep, frequent nocturnal awakenings, and/or early morning awakenings. The product will be commercialized by the joint venture between Meda AB and Valeant Canada Limited (Meda Valeant Pharma Canada Inc.).

"We are excited to receive approval for our second product to come out of our joint venture with Meda," said J. Michael Pearson, chairman and chief executive officer. "With this approval, we currently anticipate launching this product in the fourth quarter, just one of several pending product launches that our Canadian operations plan on initiating before the end of the year."

Information about Sublinox

Sublinox is a sublingual orally dissolving tablet of zolpidem tartrate and will be the first commercially available zolpidem tartrate formulation in Canada. Sublinox has been clinically demonstrated to initiate a statistically significant latency to persistent sleep (LPS), Sleep onset latency (SOL), and Latency to stage 1 sleep (ST1L) in comparison to oral zolpidem tartrate. Analysis of sleep continuity endpoints, total sleep time (TST) and wake after sleep onset (WASO) showed no major treatment differences in comparison to oral zolpidem tartrate tablets.

About Valeant Pharmaceuticals International, Inc.

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