DOCSLIB.ORG

Valeant Pharmaceuticals International, Inc

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Valeant Pharmaceuticals International, Inc VALEANT PHARMACEUTICALS INTERNATIONAL, INC. FORM 6-K (Report of Foreign Issuer) Filed 07/28/99 for the Period Ending 07/01/99 Telephone 514-744-6792 CIK 0000885590 Symbol VRX SIC Code 2834 - Pharmaceutical Preparations Industry Biotechnology & Drugs Sector Healthcare Fiscal Year 12/31 http://www.edgar-online.com © Copyright 2015, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. BIOVAIL CORP INTERNATIONAL FORM 6-K (Report of Foreign Issuer) Filed 7/28/1999 For Period Ending 7/1/1999 Address 7150 MISSISSAUGA ROAD MISSISSAUGA ONTARIO, 00000 Telephone 905 286-3000 CIK 0000885590 Industry Biotechnology & Drugs Sector Healthcare Fiscal Year 12/31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of July, 1999 001-11145 (Commission File No.) BIOVAIL CORPORATION INTERNATIONAL (Translation of registrant's name into English) 2488 Dunwin Drive, Mississauga, Ontario L5L 1J9, Canada (Address of principal executive offices and zip code) Registrant's Telephone Number, including area code: (416) 285-6000 Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F_X_ Form 40-F ___ Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ___ No _X_ Exhibit 99 (a) CONTACT: Eugene Melnyk Chairman of the Board Robert Podruzny President (416) 285-6000 Web Page: www.biovail.com Investor Relations e-mail: [email protected] FOR IMMEDIATE RELEASE: *BIOVAIL TO ACQUIRE FUISZ TECHNOLOGIES* Acquisition to Expand Biovail's Pipeline of Products and Delivery Platforms. TORONTO, CANADA/CHANTILLY, VIRGINIA, July 26, 1999--Biovail Corporation International (NYSE, TSE: BVF) ("Biovail") and Fuisz Technologies Ltd. (Nasdaq: FUSE) ("Fuisz") today announced that they have entered into a definitive Merger Agreement for Biovail to acquire Fuisz in a two-stage cash and stock transaction that values Fuisz at $7.00 per share, or approximately $154 million, based on Biovail's closing share price of $58.625 on July 23, 1999. Fuisz has outstanding debt of approximately $91 million, for a total transaction value of approximately $245 million. Under the terms of the agreement, which has been approved by the Boards of Directors of both companies, Biovail will promptly commence a cash tender offer for a number of the outstanding common shares of Fuisz, which will result in Biovail owning 49% of the outstanding common shares of Fuisz. Upon completion of the cash tender, the remaining outstanding common shares of Fuisz will be exchanged for Biovail common shares in the ratio of 1 common share of Fuisz for 0.1194 common share of Biovail (the "Exchange Ratio"), subject to adjustment as provided in the Merger Agreement. The merger is subject to approval by the shareholders of Fuisz, expiration of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary conditions. Biovail currently beneficially owns approximately 19.2% of the outstanding common shares of Fuisz. The acquisition will be accounted for by Biovail using the purchase method of accounting and will reflect a one-time charge for the acquisition of in -process research and development as determined through independent assessment and valuation. Fuisz has advised Biovail that it expects its results for the fiscal quarter ended June 30, 1999 to be significantly below market expectations. The transaction is expected to be neutral to Biovail's earnings in 1999 and accretive in 2000. It is expected that the transaction will close in the fourth quarter of 1999. Eugene Melnyk, Chairman of the Board of Biovail, commented, "The acquisition of Fuisz allows Biovail to significantly expand its pipeline of products and drug delivery platforms. The microsphere technology and rapid dissolving formulations developed by Fuisz provide exciting potential for application on a wide array of drugs that will benefit from Fuisz's improved controlled release and taste masking techn ologies. We are confident that the technology platforms developed by Fuisz, in combination with those of Biovail, provide us with the foundation and leverage for a very broad portfolio of exciting applications." Dr. Richard Fuisz, Chairman of the Board of Fuisz Technologies commented, "The combination with Biovail should ultimately allow the shareholders of Fuisz to attain the level of success that befits the development of this extremely strong technological base. I have confidence that Eugene Melnyk will lead the way to substantive added value to our shareholders." Donaldson, Lufkin & Jenrette acted as financial advisor to Biovail and Warburg Dillon Reed LLC acted as financial advisor to Fuisz. Fuisz Technologies Ltd. is engaged in the development, manufacture and commercialization of a wide variety of pharmaceutical and healthcare products which utilize its proprietary CEFORM(TM), SHEARFORM(TM), and other drug delivery technologies. Biovail Corporation International is an international full-service pharmaceutical company engaged in the formulation, clinical testing, registration and manufacture of drug products utilizing advanced drug delivery technologies. The statements in this press release may contain forward-looking statements that involve a number of risks and uncertainties. In addition to the matters described in this press release, the success of integration of operations, the degree of dilution, the success of product approvals and marketing opportunities for each company's products, and the success in discovery research as well as other risks and uncertainties detailed from time to time in Securities and Exchange Commission reports filed by Biovail and Fuisz may affect the actual results achieved by Biovail and Fuisz. Biovail and Fuisz disclaim any intent or obligation to update these forward-looking statements. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995. To the extent any statements made in this release contain information that is not historical, these statements are essentially forward looking and are subject to risks and uncertainties, including the difficulty of predicting FDA approvals, acceptance and demand for new pharmaceutical products, the impact of competitive products and pricing, new product development and launch, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BIOVAIL CORPORATION INTERNATIONAL By /s/ John R. Miszuk ---------------------------------- Name: John R. Miszuk Title: Vice President, Controller DATE: July 28, 1999 End of Filing © 2005 | EDGAR Online, Inc. .
Load more

Recommended publications
  • Inside Valeant's Fall
    March 29, 2017 ROB MAGAZINE Inside Valeant’s fall How an analyst, a hedge fund manager and a journalist exposed the fatal flaws in CEO Michael Pearson’s strategy and ended a drug-fuelled capital markets rampage CHARLES WILLIAMS BRUCE LIVESEY SPECIAL TO THE GLOBE AND MAILLAST UPDATED: WEDNESDAY, MAR. 29, 2017 9:49AM EDT U.S. Senator Elizabeth Warren is renowned for pillorying captains of industry when the opportunity presents itself. Such an occasion arose one cool, overcast day in April of last year, when J. Michael Pearson sat in front of a group of senators in a wood-panelled chamber on Capitol Hill in Washington, D.C. As the recently fired (but still acting) CEO of Laval, Quebec-based Valeant Pharmaceuticals International Inc., Pearson was appearing before the Senate’s Special Committee on Aging to answer for Valeant’s penchant for jacking up drug prices to unholy levels. The room was packed with aides, reporters and anxious businesspeople. Warren, a Democrat from Massachusetts, is a former Harvard law professor with a rapier intelligence and a willingness to be blunt. At one point she drilled down on Valeant’s use of “patient assistance programs.” Warren felt that such programs—which typically cover some or all of a patient’s co-payment—were a cunning way to keep consumers using overpriced drugs after the company hiked prices. “What is the return to Valeant on the money that you’re currently putting into the patient assistance program?” Warren demanded pointedly. Pearson, a fleshy 57-year-old with grey hair and a long puffy face, was looking rather whipped despite his natty charcoal suit and burgundy tie.
    [Show full text]
  • Journal Title Subject Area American Journal of Health-System Pharmacy : AJHP Medicine -- Pharmacy and Materia Medica A.I.H.P
    Journal Title Subject Area American Journal of Health-System Pharmacy : AJHP Medicine -- Pharmacy and materia medica A.I.H.P. Notes Medicine -- Pharmacy and materia medica aaiPharma, Inc. SWOT analysis Medicine -- Therapeutics. Pharmacology AAPS journal Medicine -- Pharmacy and materia medica AAPS pharmscitech Medicine -- Pharmacy and materia medica Abbott laboratories SWOT analysis Medicine -- Therapeutics. Pharmacology Abgenix, Inc. SWOT analysis Medicine -- Therapeutics. Pharmacology Able laboratories SWOT analysis Medicine -- Therapeutics. Pharmacology Academic Pharmacy Now Medicine -- Pharmacy and materia medica Accredo Health, Inc. SWOT Analysis Medicine -- Therapeutics. Pharmacology ACS Medicinal Chemistry Letters Medicine -- Pharmacy and materia medica Acta Facultatis Pharmaceuticae Universitatis Comenianae Medicine -- Pharmacy and materia medica Acta Pharmaceutica Medicine -- Pharmacy and materia medica Acta Pharmacologica Sinica Medicine -- Therapeutics. Pharmacology Medicine -- Therapeutics. Pharmacology -- Physical Acta Radiologica Short Reports medicine. Physical therapy Actu Labo Medicine -- Pharmacy and materia medica Medicine -- Therapeutics. Pharmacology -- Other Acupuncture & Electro-Therapeutics Research therapeutic procedures Acupuncture in Medicine Medicine -- Therapeutics. Pharmacology Acupuncture: Review and Analysis of Reports on Controlled Clinical Trials Medicine -- Therapeutics. Pharmacology Adolescent Health, Medicine and Therapeutics Medicine -- Therapeutics. Pharmacology AdvancePCS, Inc. SWOT Analysis Medicine
    [Show full text]
  • 9155 Biovail Q1 Prepress
    Q1 First Quarter Report Biovail Corporation 2001 Interim Report Dear fellow shareholders: I am pleased to report that Biovail has started the year 2001 with record first quarter financial results. These results reflect a major product line acquisition along with a number of additional milestones as the Company continues to evolve into a major fully-integrated North American pharmaceutical operation. Cardizem® acquisition At the beginning of the quarter, Biovail acquired the North American rights to the entire Cardizem® line of diltiazem products from Aventis Pharmaceuticals Inc. Cardizem® is a market leading brand of calcium channel blockers for the treatment of hypertension and angina. Total U.S. sales of calcium channel blockers in 2000 exceeded $3.5 billion. Cardizem® CD was the best selling diltiazem product in the U.S. last year with over 13 million prescriptions. Other products in the line include Cardizem®, Cardizem® SR and Cardizem® injectables. The acquisition of this significant product line is expected to add over $150 million in incremental revenue in 2001. The acquisition of the Cardizem® line also allows Biovail to add value to its new improved once-daily diltiazem product, currently undergoing studies to support superior marketing claims. This new product, which has already received FDA approval, will likely be launched as Cardizem® XL. This new product will offer measurable therapeutic advantages. Biovail expects to launch Cardizem® XL mid 2002. U.S. sales operations The integration of DJ Pharma, the U.S. sales operation acquired by Biovail in 2000, was completed during the quarter. The Company’s new U.S. sales operation, renamed Biovail Pharmaceuticals, will be based in Raleigh, North Carolina.
    [Show full text]
  • Biovail Corporation U.S.$300,000,000 6.75% Convertible Subordinated Preferred Equivalent Debentures Due March 31, 2025 (U.S.$50 Principal Amount Per Security)
    Prospectus March 17, 2000 Biovail Corporation U.S.$300,000,000 6.75% Convertible Subordinated Preferred Equivalent Debentures due March 31, 2025 (U.S.$50 principal amount per security) The Company: · Interest Deferral Option: we have the right, at any time · We are an international, fully-integrated pharmaceutical and from time to time, to defer payment of interest on company that specializes in the development, the Securities by extending the interest payment period manufacture, marketing and licensing of drugs utilizing up to 20 consecutive quarters. advanced controlled-release, rapid dissolve, enhanced · Conversion Price: U.S.$60.675 per common share (equal absorption and taste masking technologies. to an initial conversion ratio of .8241 common shares per Security, subject to adjustment). · Biovail Corporation 2488 Dunwin Drive · Conversion Right: convertible at any time into our Mississauga, Ontario common shares at the applicable conversion price. Canada L5L 1J9 · Optional Redemption: beginning on March 31, 2003, we (416) 285-6000 may redeem the Securities, in whole or in part, at any time (except during an interest deferral period) at the · NYSE and TSE symbol for our common shares: BVF redemption prices stated herein, plus accrued and unpaid The Offering: interest. · Special Redemption: we may redeem the Securities, in · The Convertible Subordinated Preferred Equivalent whole or in part, at a redemption price of 106.75%, plus Debentures (the ``Securities'') are convertible accrued and unpaid interest, at any time and from time subordinated debentures bearing an interest rate, payable to time (except during an interest deferral period) prior in U.S. dollars, of 6.75% per year.
    [Show full text]
  • Complaint in This Matter
    MARK K. SCHONFELD REGIONAL DIRECTOR Attorneys for Plaintiff SECURITIES AND EXCHANGE COMMISSION New York Regional Office 3 World Financial Center New York, NY 10281 (212) 336-1120 UNITED STATES DISTRICT COURT -SOUTHERNDISTRICT OF NEW YORK SECURITIES AND EXCHANGE COMMISSION, Plaintiff, 08 Civ. - ECF CASE BIOVAIL CORPORATION, EUGENE N. MELNYK, BRIAN CROMBIE, JOHN MISZUK, and COMPLAINT KENNETH G. HOWLING, Defendants. Plaintiff Securities and Exchange Commission, for its Complaint against Defendants Biovail Corporation ("Biovail" or the "Company"), Eugene N. Melnyk, Brian Crombie, John Miszuk and Kenneth G. Howling (collectively, "Defendants"), alleges as follows: SUMMARY OF ALLEGATIONS 1. This case involves chronic fraudulent conduct - including financial reporting fraud and other intentional public misrepresentations -by Biovail Corporation, a Canadian pharmaceutical company whose common stock is traded on the New York and Toronto stock exchanges. Obsessed with meeting quarterly and annual earnings guidance, Biovail's executives repeatedly overstated earnings and hid losses in order to deceive investors and create the appearance of achieving that goal. And, when it ultimately became impossible to continue to conceal the Company's poor performance, Biovail actively misled investors and analysts as to its cause. This corrupt strategy was employed by Biovail's most senior officers: Eugene Melnyk, former chairman and chief executive officer; Brian Crombie, former chief financial officer; Jo,hn Miszuk, vice president, controller, .and assistant
    [Show full text]
  • ACADIA PHARMACEUTICALS 2012 ANNUAL REPORT » COMPOUND/PROGRAM PIMAVANSERIN » COMMERCIALIZATION RIGHTS » INDICATION { Phase 3 } PARKINSON’S DISEASE ACADIA PSYCHOSIS
    ACADIA PHARMACEUTICALS 2012 ANNUAL REPORT » COMPOUND/PROGRAM PIMAVANSERIN » COMMERCIALIZATION RIGHTS » INDICATION { Phase 3 } PARKINSON’S DISEASE ACADIA PSYCHOSIS » COMPOUND/PROGRAM PIMAVANSERIN » COMMERCIALIZATION RIGHTS » INDICATION { Phase 2 } SCHIZOPHRENIA ACADIA » COMPOUND/PROGRAM PIMAVANSERIN » COMMERCIALIZATION » INDICATION { Phase 2 } RIGHTS ALZHEIMER’S DISEASE ACADIA PSYCHOSIS » ABOUT ACADIA PHARMACEUTICALS We are a biopharmaceutical company focused on innovative treatments that address unmet medical needs in neurological and related central nervous system disorders. Our pipeline of product candidates is led by pimavanserin, which is in Phase III development as a potential first-in-class treatment for Parkinson’s disease psychosis. Pimavanserin also has the potential to address a range of other neurological and psychiatric disorders, including Alzheimer’s disease psychosis and schizophrenia, which also are underserved by currently marketed antipsychotic drugs. » DEAR FELLOW STOCKHOLDERS 2012 was a breakthrough year for ACADIA culminating with the impressive results from our pivotal Phase III -020 Study with pimavanserin for Parkinson’s disease psychosis (PDP) and our successful financing. These important achievements, coupled with our April 2013 announcement of an expedited path to NDA filing, provide a strong foundation for rapidly advancing pimavanserin to registration in PDP and strategically expanding the pimavanserin program into other important neurological and psychiatric indications. I believe that we are now well positioned to execute on our strategy of building a leading biopharmaceutical company dedicated to developing and commercializing innovative therapies that improve the lives of patients with neurological and related central nervous system disorders. Advancing our Phase III PDP Program to Registration Today, there are no drugs approved in the United States to treat PDP, a debilitating disorder that develops in up to 60 percent of Parkinson’s patients.
    [Show full text]
  • Biovail Ann.02 Cover Biov1008
    biovail ann’02 cover biov1008 5/20/03 10:02 AM Page 1 Biovail 2002 Annual Report Making medicine easier to take Biovail 2002 Annual Report 7150 Mississauga Road, Mississauga, Ontario L5N 8M5 www.biovail.com Making medicine easier to take biovail ann’02 cover biov1008 5/20/03 10:02 AM Page 2 Corporate Profile Biovail Corporation is an international fully integrated pharmaceutical company specializing in the development, manufacture, sale and marketing of medications for the treatment of chronic medical conditions. Biovail has a number of proprietary drug Shareholder Information delivery technologies that it applies to brand name drugs to produce enhanced versions. >> While Biovail continually explores all therapeutic areas, the company’s main therapeutic areas are cardiovascular, central nervous system and pain management. Biovail currently markets more than 20 products in North America and a number of products throughout 55 other countries, both directly and through strategic marketing partnerships. Biovail’s direct marketing efforts in North America are supported by an extensive U.S. and Canadian sales force of more than 650 sales professionals. >> Biovail maintains an active drug development pipeline and its proprietary technology platforms are currently being applied to more than 30 promising pharmaceutical products. >> Biovail Corporation, with more than HEAD OFFICE AUDITORS HOW TO REACH US FOR MORE INFORMATION 1,800 employees worldwide, trades on the New York Stock Exchange and the Toronto Stock Exchange under the symbol BVF. Biovail Corporation Ernst & Young LLP 7150 Mississauga Road Chartered Accountants For additional copies of this report, Mississauga, Ontario Toronto, Canada the annual report on Form 20-F as Canada L5N 8M5 filed with the United States Securities and Exchange Commission, quarterly LEGAL COUNSEL reports or for further information, MANUFACTURING FACILITIES Osler, Hoskin & Harcourt LLP please contact Investor Relations.
    [Show full text]
  • In the Matter of Biovail Corporation, Eugene N. Melnyk, Brian H
    Ontario Commission des P.O. Box 55, 19th Floor CP 55, 19e étage Securities valeurs mobilières 20 Queen Street West 20, rue queen ouest Commission de l’Ontario Toronto ON M5H 3S8 Toronto ON M5H 3S8 IN THE MATTER OF THE SECURITIES ACT, R.S.O. 1990, c. S.5, as amended -AND- IN THE MATTER OF BIOVAIL CORPORATION, EUGENE N. MELNYK, BRIAN H. CROMBIE, JOHN R. MISZUK and KENNETH G. HOWLING REASONS AND DECISION Hearing: March 4, 5, 6, 9, 10, 11, 12, 30 and 31, 2009 April 1, 2, 3, 6, 7, 8, 9, 13, 14, 15, 22, 24, 25 and 26, 2009 June 22, 24, 25 and 26, 2009 Decision: September 30, 2010 Panel: James E. A. Turner - Vice-Chair and Chair of the Panel David L. Knight, F.C.A. - Commissioner Paulette L. Kennedy - Commissioner Counsel: Kent E. Thomson - For Eugene N. Melnyk James Doris Sean Campbell Johanna Superina - For Staff of the Ontario Securities Alexandra Clark Commission Caitlin Sainsbury TABLE OF CONTENTS I. INTRODUCTION..............................................................................................................................................1 II. BACKGROUND ................................................................................................................................................2 A. THE BIOVAIL PARTICIPANTS IN THE HEARING ...........................................................................................2 (i) Biovail and Biovail Laboratories Incorporated ..................................................................................2 (ii) Melnyk ...............................................................................................................................................2
    [Show full text]
  • ACADIA PHARMACEUTICALS INC. (Exact Name of Registrant As Specified in Its Charter)
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2013 Or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-50768 ACADIA PHARMACEUTICALS INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 06-1376651 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification Number) 11085 Torreyana Road, Suite 100 San Diego, California 92121 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: (858) 558-2871 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, par value $0.0001 per share The NASDAQ Global Market Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No ¨ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes ¨ No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • History Valeant Pharmaceuticals International, Inc. Introduction
    Valeant Pharmaceuticals International, Inc. Jason Arnold, Kari Froehlich, Mat McBride, Stanley Parker, Ann Utterback, Robin Chapman, Gail Christian / Arizona State University Introduction significant restructuring efforts before and resulting from the merger, an important question is whether Valeant Pharmaceuticals International, Inc. pro- the changes will yield the benefits promised to motes itself as a multinational specialty pharma- shareholders and enable the firm to compete more ceutical company with a diverse product portfolio effectively. The answers to these questions and oth- focusing on branded pharmaceuticals, branded ers appearing in this case will influence Valeant’s and unbranded generics, and over-the-counter future success. (OTC) products specializing in neurology and der- matology.1 Product sales focus on North America, Central Europe, Mexico, Brazil, and Australia, with History manufacturing sites in Canada, Brazil, Poland, and Valeant Pharmaceuticals was founded in 1960 by 2 Mexico. Milan Panic, a Yugoslavian defector. The com- In his 2006 message to shareholders, Timothy pany started in California and was originally called C. Tyson, then president and chief executive officer, International Chemical & Nuclear Corp. (ICN). reflected, “In many ways, 2006 was a life-changing Panic ran the company for 43 years.5 Initially, the year for Valeant Pharmaceuticals. It was a challeng- company’s primary business involved chemical and ing year—one that certainly stretched us and tested drug sales, but it grew through acquisitions of small our resolve.”3 That was the year that Valeant lost drug companies. In 1963, the company launched its chairman Robert W. O’Leary to cancer. Valeant its IPO.6 would face a new set of challenges in the fall of 2010, In 1970, ICN scientists discovered ribavirin and when it merged with Canada’s Biovail Corporation.
    [Show full text]
  • Valeant Pharmaceuticals (Montreal, Quebec, with Offices in Mississauga
    Strategy Valeant Pharmaceuticals (Montreal, Quebec, with offices in Mississauga, Valeant's strategy is to acquire, develop, and commercialize new products through partnerships Ontario; founded 1989) especially in the areas of neurology and dermatology. Neurological products under development include Preparation question: How does Valeant’s medications for depression, schizophrenia, Parkinson's, business model differ from Apotex? and pain, as well as an epilepsy drug being researched Source: Hoovers, 2011-2013, updated 11/2014 through a partnership with GlaxoSmithKline. The company is looking to broaden its lineup especially as Valeant Pharmaceuticals International (ex-Biovail) is some of its older offerings, such as Wellbutrin XL Canada's largest publicly traded drugmaker. The (an extended-release multinational specialty pharmaceutical company version of GSK's antidepressant Wellbutrin) and Ultram specializes in developing, manufacturing, and marketing ER (a long-acting version of J&J's chronic pain drug neurological and dermatological treatments, with a Ultram), face increasing levels of generic competition as portfolio of branded prescription, branded generic, and their patents expire. OTC products. Products in its dermatology segment include genital herpes treatment Zovirax and acne Under the direction of chairman and chief executive J. treatment Acanya, while products in its neurology Michael Pearson, Valeant has made about 50 acquisitions segment include antidepressant Wellbutrin XL. Valeant of companies and assets since 2008. Its acquisition acquired Bausch + Lomb in 2013 to establish a strong footprint is diverse, with several purchases in the US, presence in ophthalmology as well. Canada, Brazil, Russia, and Australia. The company tends to mix larger acquisitions with smaller ones in order to Geographic Reach beef up its portfolio of treatments for central nervous With manufacturing sites in Canada, Mexico, Brazil, and system and skin diseases.
    [Show full text]
  • Bausch Health 2019 Annual Report
    BAUSCH HEALTH COMPANIES INC. Pivot to BAUSCH HEALTH COMPANIES INC. Offense 2019 ANNUAL REPORT 2019 ANNUAL REPORT Quality Customer Health Care Focused Our Vision Outcomes To Be Your Trusted Core Health Care Partner Principles CORE VALUES • Accountability People Innovation • Agility • Courage • Integrity • Teamwork • Results Orientation Effciency Our Mission Improving People’s Lives With Our Health Care Products COMPANY OVERVIEW We are a global company whose mission is to improve people’s lives with our health care products. We develop, manufacture and market a range of branded, generic and branded generic pharmaceuticals, medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment and aesthetics devices) and over-the- counter (OTC) products, primarily in the therapeutic areas of eye health, gastroenterology and dermatology. We are delivering on our commitments as we build an innovative company dedicated to advancing global health. More information can be found at www.bauschhealth.com. FORWARD-LOOKING STATEMENTS This annual report contains forward-looking information and statements, within the meaning of applicable securities laws (collectively, “forward-looking statements”), including, but not limited to, statements regarding the Company’s future prospects and performance, anticipated product launches and geographic expansion and the expected timing of such launches and expansion, anticipated timing for the submission of certain of our pipeline products and R&D programs, anticipated advances in our development programs
    [Show full text]