Valeant buying Amoun Pharma for $800m

Canadian drugmaker Valeant Pharmaceuticals International Inc (VRX.TO) (VRX.N) said it would buy Egypt's largest drugmaker, Amoun Pharmaceutical, for about $800 million.

Valeant said it expects the acquisition of privately held Amoun to help expand in the Middle East and North Africa.

Amoun is a market leader in bowel drugs, hypertension drugs and antibiotics in Egypt, Valeant said in a statement. Amoun also makes veterinary drugs.

http://www.reuters.com/article/2015/07/17/us-amounpharmaceuticalco-m-a-valeant-pha-idUSKCN0PR1BE20150717

 

Thanks Laurie Little