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Valeant to buy iNova for up to A$700 million
MISSISSAUGA, Ontario — Canadian drug maker Valeant Pharmaceuticals International is acquiring an Australian drug maker for up to A$700 million, Valeant said.
Valeant announced that it would acquire iNova, which sells and distributes prescription and OTC drugs in Australia, New Zealand, Southeast Asia and South Africa, from iNova's current shareholders, Archer Capital, Ironbridge and others.
Valeant will pay iNova shareholders A$625 upfront and up to A$75 million in milestones.
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Cold-Eeze wins Parent Tested, Parent Approved seal
DOYLESTOWN, Pa. — ProPhase Labs on Thursday announced that its Cold-Eeze product has been awarded the Parent Tested, Parent Approved Winner's Seal of Approval.
PTPA Media has North America's largest volunteer parent testing community, with more than 40,000 parents. The seal of approval is awarded based on quality, effectiveness and value.