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Biotech Stocks Facing FDA Decision In August

Valeant Pharma
Valeant Pharma

Valeant Pharmaceuticals International Inc.’s (VRX) (VRX.TO) Altreno lotion, a product containing tretinoin, proposed for the treatment of acne, awaits the FDA decision on August 27, 2018.

If approved, Altreno will be the first tretinoin product in lotion form rather than a gel or cream.

About 50 million people in the United States have acne, with the treatment costing over $3 billion annually, according to the American Academy of Dermatology.

VRX closed Wednesday’s trading (Jul 25) at $23.40, down 3.43%.