Valeant Pharmaceuticals Completes Acquisition of iNova

MISSISSAUGA, Ontario, Dec. 22, 2011 /CNW/ - Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) announced that effective December 21, 2011, the company completed its previously announced acquisition of iNova, from Archer Capital, Ironbridge and other minority management shareholders.

BofA Merrill Lynch and Baker & McKenzie acted as Valeant's advisors in connection with this transaction.

About Valeant Pharmaceuticals International, Inc.

Valeant Pharmaceuticals International, Inc. (NYSE/TSX: VRX) is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology, dermatology and branded generics.  More information about Valeant Pharmaceuticals International, Inc. can be found at www.valeant.com.

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Contact Information:
Laurie W. Little
949-461-6002
laurie.little@valeant.com     

SOURCE Valeant Pharmaceuticals International, Inc.

For further information:

http://www.valeant.com

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