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Valeant Pharmaceuticals Selling Rights to Nestle

May 31st, 2014 In: General

Valeant Pharmaceuticals To Sell Filler And Toxin Assets To Nestle For $1.4 Billion

05/28/2014

Follow all the latest news at http://valeant.q4web.com/investor-relations/news-releases/default.aspx

LAVAL, Quebec, May 28, 2014 /PRNewswire/ -- Valeant Pharmaceuticals International, Inc. (NYSE: VRX) (TSX: VRX) today announced that it has entered into an agreement with Nestle S.A. to sell all rights to Restylane, Perlane, Emervel, Sculptra, and Dysport owned or held by Valeant for $1.4 billion in cash.  Nestle expects to complete its acquisition of Galderma S.A. in July and would expect to operate the acquired assets through Galderma.  The transaction is subject to customary closing conditions, including clearance or early expiration of the waiting period under the Hart-Scott-Rodino (HSR) Act and is not contingent upon a successful transaction with Allergan, Inc. We believe that this transaction is extremely attractive both to Valeant and Galderma, and dovetails well with our announced plans for a transaction with Allergan.

"We are pleased to enter into this transaction," said J. Michael Pearson, chairman and chief executive officer.  "Galderma, under the leadership of Humberto Antunes, CEO of Galderma, not only has a history of building strong businesses, but is firmly committed to the aesthetic dermatology.  It is a clear testament to the performance of Valeant's aesthetic commercial team that Galderma recognizes their efforts and the value of the franchise they have developed.  Galderma has already built a strong franchise with Restylane, Perlane, Dysport and Emervel outside North America and, with the addition of Sculptra, will now have the ability bring their expertise to the U.S. and Canada."

About Valeant Pharmaceuticals International, Inc.

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

Forward-looking Statements

This press release contains forward-looking statements regarding, among other things, the proposed sale by Valeant of certain aesthetics assets to Nestle, S.A., including conditions to, and expected timing of, closing of the transaction and the future performance of the assets being sold.  Forward-looking statements may generally be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," "target," or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties discussed in the Company's most recent annual or quarterly report and detailed from time to time in Valeant's other filings with the Securities and Exchange Commission and the Canadian Securities Administrators, which factors are incorporated herein by reference. These forward-looking statements speak only as of the date hereof.  Valeant undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes, except as required by law.

Latest Beauty Award Winners Ultherapy and Sunscreen

Jan 28th, 2014 In: General
Latest Beauty Award Winners

Ultherapy Ultrasound Facelift and La Roche-Posay Anthelios 60 Ultra Light Sunscreen Fluid

Ultherapy Voted Best In-Office Treatment
The results of NewBeauty's annual Beauty Choice Awards are in, and Ultherapy Ultrasound Facelift was recognized as the Best In-Office Treatment!



La Roche-Posay Anthelios 60 Ultra Light Sunscreen Fluid

New ANTHELIOS 60 Ultra-light sunscreen fluid for face with Cell-OX Shield XL™, a new optimized combination of UVA/UVB filters with a powerful antioxidant complex for advanced protection with fewer ingredients. Winner of the "Best Sunscreen to Wear Under Makeup" category in the Winter/Spring 2014 issue of New Beauty. The sunscreen won for its lightweight formula that "never peeks through makeup... Read more

Dr White Featured in Forsyth Family Magazine January 2014

 

Dr White Featured in Forsyth Family Magazine January 2014

Get full article



Laser and cosmetic procedures have really evolved with the explosion of technology and desire to improve on earlier methods. As long as doctors and
skincare professionals dedicate themselves to offering the best services available, this industry will remain one of the most sought-after industries on the market.
Doctors like Anne White MD of Carolina Laser & Cosmetic Center, are at the forefront of new technology and offer their patients the best in innovative care.

"This eloquent quote by Richard Glogau, Clinical Professor of Dermatology at the University of San Francisco, sums up the idea behind my Carolina Laser & Cosmetic Center very well: 'The Same self-esteem that... Read more

Dr. Anne White Featured in Forsyth Family and Forsyth Woman

Dec 30th, 2013 In: Fat Removal, General
The following article appeared in the December 2013 and January 2014 editions of Forsyth Family and Forsyth Woman.

By Meghan E.W. Corbett
Photo Artistry by Melinda

Laser and cosmetic procedures have really evolved with the explosion of technology and desire to improve on earlier methods. As long as doctors and skincare professionals dedicate themselves to offering the best services available, this industry will remain one of the most sought-after industries on the market. Doctors like Anne White, MD, of Carolina Laser & Cosmetic Center, are at the forefront of new technology and offer their patients the best in innovative care.

"This eloquent quote by Richard Glogau, Clinical Professor of Dermatology at the University of San Francisco, sums up the idea behind my... Read more

Meet Scout and Ollie, Spirited Buena Vista Boys

Oct 16th, 2013 In: General
Dr. White's pets, Scott and Ollie, were featured in the Precious Pets column in the August 2013 edition of Buena Vista Life.

Photos by CQ Photography.

Things don't always go as planned when it comes to pets. In the case of Buena Vista's "Scout" and "Ollie," that's certainly the case. When Dr. Anne L. White's son, Ben, left for college, Scout went along as his roommate; and when they returned back to school after break, Scout decided to stay behind with Mom. She let him have his way. As Dr. White puts it, "They aren't spoiled. They just have me very well trained."

These spirited Beagle boys are not really pets at all, they're family. What's special about them? "Just look at them! They're precious!" beamed... Read more