Thursday, Valeant Pharmaceuticals International (VRX) said it agreed with Meda AB to form joint ventures, or JVs, in Australia, Canada and Mexico to develop, market and commercialize certain current and future products.
The JVs will be majority-owned by Meda and Valeant will own a minority interest.
The JVs will pursue the regulatory filings and manage the commercialization of the products and Valeant will participate in a profit share.
The products, which are initially included in the joint projects, are sublinox and flupertine. There is an option to include additional products in the future. Sublinox is used for treating insomnia and flupertine is used in pain treatment.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.