Rochester, NY 6/26/2009 1:09:20 AM
Afternoon Report - VRX - Valeant Sells new Cream for Wrinkles, Study shows New Possibilities - Sourced WhisperFromWallStreet.com
Valeant Pharmaceuticals International
Afternoon Report - VRX - Valeant Sells new Cream for Wrinkles, Study shows New Possibilities - Sourced WhisperFromWallStreet.com
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VALEANT PHARMA INTL,VRX
Study results could breathe new life into an old drug for Valeant Pharmaceuticals International. Last week, a University of Michigan study showed Aliso Viejo-based Valeant’s Efudex cream smoothed rough skin spots and wrinkles, improved color and erased brown spots. Valeant now sells Efudex for treating early signs of skin cancer. The drug accounted for $61 million of its $657 million in revenue last year. The study raises the prospect of a new cosmetic use for the drug, which went off patent protection last year.
About
Valeant Pharmaceuticals International, a specialty pharmaceutical company, engages in the development, manufacture, and marketing of a range of pharmaceutical products. It primarily offers specialty pharmaceutical and over-the-counter (OTC) products in the areas of dermatology and neurology therapeutic classes. The companys products include Efudex/Efudix for the treatment of multiple actinic or solar keratoses and superficial basal cell carcinoma; Diastat/Diastat AcuDial, which are gel formulations of diazepam; Cesamet, a synthetic cannabinoid used for the management of severe nausea and vomiting; Bedoyecta, a brand of vitamin B complex; Bisocard to treat hypertension and angina pectoris; and Kinerase, a range of OTC and prescription cosmetic products.
Last Trade: 26.12
Day's Range: 24.24 - 26.22
52wk Range: 14.58 - 25.16
Volume: 1,894,580
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