With a 4-0 vote, the FTC has approved final consent orders remedying the anticompetitive effects of Valeant Pharmaceuticals’ proposed acquisitions of Sanofi and Johnson & Johnson’s dermatalogy businesses. For the Sanofi deal, Valeant has sold to Mylan Pharmaceuticals the manufacturing and marketing rights to products treating acne and actinic keratosis. For the Johnson & Johnson deal, Valeant has sold to Spear Pharmaceuticals the rights to an anti-wrinkle pharmaceutical product.
The orders settle charges of Section 7 Clayton Act and Section 5 FTC Act violations.
Source: FTC Press Release
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