February 15, 2017: Valeant Pharmaceuticals gets FDA approval for Siliq (brodalumab) to treat adults with moderate-to-severe plaque psoriasis. Siliq is intended for patients who are candidates for systemic therapy (treatment using substances that travel through the bloodstream, after being taken by mouth or injected) or phototherapy (ultraviolet light treatment) and have failed to respond, or have stopped responding to other systemic therapies.
Suicidal ideation and behavior, including completed suicides, have occurred in patients treated with Siliq during clinical trials. Siliq users with a history of suicidality or depression had an increased incidence of suicidal ideation and behavior compared to users without this history. A causal association between treatment with Siliq and increased risk of suicidal ideation and behavior has not been established.
The most common adverse reactions reported with the use of Siliq include joint pain (arthralgia), headache, fatigue, diarrhea, throat pain (oropharyngeal pain), nausea, muscle pain (myalgia), injection site reactions, influenza, low white blood cell count (neutropenia) and fungal (tinea) infections.
Siliq is marketed by Bridgewater, New Jersey-based Valeant Pharmaceuticals.
January 10, 2017: Valeant Pharmaceuticals announced positive results from a second confirmatory pivotal Phase 3, multicenter double-blind, randomized, vehicle-controlled clinical study to assess the safety and efficacy of IDP-118 (halobetasol propionate and tazarotene) lotion in the treatment of plaque psoriasis.
Within the Phase 3 study of 203 adult subjects with moderate to severe psoriasis, IDP-118 showed statistical significance (p January 9, 2017: Valeant Pharmaceuticals International said to be close to deal to sell Dendreon cancer business to China conglomerate Sanpower for about $750 million according to reports in the mainstream financial press.
January 3, 2017: Valeant Pharmaceuticals has formed a candle over candle reversal as bottom feeders dip their toes into the stock on takeover rumors that are circulating. Valeant Pharmaceuticals trades at a forward P/E of 2.9 in response to their unfavorable practice of buying old drugs and then hiking up the price to insane levels to maximize profit.
Valeant Pharmaceuticals market cap is just over $5 billion, and they’ll probably do about $10 billion in sales for 2016, so that’s a substantial discount for a company looking to takeover Valeant Pharmaceuticals.
The rumor is that Takeda may have resumed M&A talks with Valeant according to a report in the Spanish press. The report suggests that Takeda has secured financing so that it can resume talks. Source: https://intereconomia.com/tendencias/salud/takeda-logra-la-financiacion-negocia-valeant-20161230-1604/
Some believe that this is a fake news story and thus fake rumor being spread about Takeda and Valeant Pharmaceuticals and you can read that opinion here: http://seekingalpha.com/article/4033764-fake-news-valeant-may-drop-tuesday
Valeant Pharmaceuticals Stock Chart
Valeant Pharmaceuticals International, Inc. develops, manufactures, and markets pharmaceuticals, over-the-counter products, and medical devices worldwide.