Valeant acquires DermaTech for $19M
The USA's Valeant Pharmaceuticals has acquired DermaTech, an Australian specialty drug company focused on dermatology products that are marketed throughout Australia and overseas.
According to Valeant, the $19.0 million takeover significantly expands its Australian specialty pharmaceutical business through the acquisition of key products in both the retail and prescription brands, which complement the US firm's product portfolio. DermaTech's current annualized net sales are approximately A$10.5 million ($7.2 million).
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