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Monday, March 26, 2012

Valeant to purchase Russia's Natur Produkt for $180 mln, (TSE: VRX.TO), (NYSE: VRX)

Canada's Valeant Pharmaceuticals International Inc said it has agreed to purchase Russian pharma company Natur Produkt International, JSC for about $180 million, with an additional $5 million in potential future milestones. The transaction is expected to close by mid-year 2012, Valeant said in a statement.

Valeant Pharmaceuticals International, Inc., formerly Biovail Corporation, is a multinational, specialty pharmaceutical company that develops, manufactures and markets a range of pharmaceutical products. Shares of VRX remained unchanged at $53.70. In the past year, the shares have traded as low as $33.91 and as high as $55.24. On average, 631684 shares of VRX.TO exchange hands on a given day and today's volume is recorded at 0.

Valeant Pharmaceuticals International, Inc., formerly Biovail Corporation, is a multinational, specialty pharmaceutical company that develops, manufactures and markets a range of pharmaceutical products. Shares of VRX remained unchanged at $53.75. In the past year, the shares have traded as low as $32.05 and as high as $57.24. On average, 1891980 shares of VRX exchange hands on a given day and today's volume is recorded at 100.



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