Home / Business / Valeant – Announcing 2 Divestitures Within A Day, At What Appear To Be Reasonable Multiples – Valeant Pharmaceuticals International, Inc. (NYSE:VRX)

Valeant – Announcing 2 Divestitures Within A Day, At What Appear To Be Reasonable Multiples – Valeant Pharmaceuticals International, Inc. (NYSE:VRX)

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Valeant – Announcing 2 Divestitures Within A Day, At What Appear To Be Reasonable Multiples – Valeant Pharmaceuticals International, Inc. (NYSE:VRX)

Valeant - Announcing 2 Divestitures Within A Day, At What Appear To Be Reasonable Multiples - Valeant Pharmaceuticals International, Inc. (NYSE:VRX)*/

– While the outcome for equity holders remains highly uncertain, these developments are encouraging, as bondholders should be encouraged as well.This suggests that management is playing the negotiations well, despite standing in a difficult corner, trying to preserve value for equity investors.Valeant announces two divestitures and while few financial details are released, the sales prices look encouraging.
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Valeant’s IDP-118 successful in second pivotal trial in plaque psoriasis; shares ahead 12% premarket – Valeant Pharmaceuticals International, Inc. (NYSE:VRX)

Valeant's IDP-118 successful in second pivotal trial in plaque psoriasis; shares ahead 12% premarket - Valeant Pharmaceuticals International, Inc. (NYSE:VRX)*/

– Valeant Pharmaceuticals (NYSE:VRX) is up 12% premarket on increased volume in response to two asset sales but also stoked by positive results in a second Phase 3 study assessing IDP-118 (halobetasol propionate and tazarotene) lotion for the treatment of plaque psoriasis.The 203-subject study met its primary endpoint of a statistically significant percentage of participants with treatment success compared to vehicle.Treatment success was defined as the achievement of a “clear” to “almost clear” score and at least a two-grade improvement as measured by a scale called Investigator Global Assessment (IGA).
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