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    Valeant acquires Nicox’s US ophthalmic diagnostics subsidiary

    Sophia Antipolis, France—Valeant Pharmaceuticals International has acquired Nicox S.A.’s U.S. diagnostics subsidiary, Nicox, Inc., in a deal worth up to $20 million.

    According to the company, Nicox intends to concentrate its commercial and development resources on ophthalmic therapeutics as part of its strategy to build an international ophthalmic company in Europe and in the United States.

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    “The decision reflects the significant opportunities available to Nicox in light of the recent acquisition of Aciex and positive phase III results for Vesneo,” the company said in a prepared statement Monday.

    Under the terms of the transaction, Valeant has acquired most of the Nicox commercial infrastructure in the United States associated with diagnostics, while Nicox has retained a number of U.S.-based employees focused on therapeutics.

    joseph-rose-cuyahoga-engagement-photographer-065.jpg
    Rose Schneider Krivich
    Rose is the content specialist for Medical Economics.

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