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Valeant Buyout Brings Marketing Clout To Sprout And Addyi

Canada’s M&A specialist agrees to pay $1bn for the female sexual desire drug just two days after its FDA approval, taking the North Carolina firm in-house as a subsidiary focused on global registration of Addyi.

Just two days after the FDA approval of its female sexual desire drug Addyi (flibanserin), Sprout Pharmaceuticals Inc. agreed to be purchased by Valeant Pharmaceuticals International Inc. for $1bn plus potential sales milestones, a move that will make the single-product private firm a subsidiary of Valeant and greatly increase the marketing might behind what will be a challenging launch.

The two companies announced the definitive agreement for purchase in exchange for $500m upon completion of the sale, another $500m payable during the first quarter of 2016, and a share...

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