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Nov 14, 2008

Valeant Pharmaceuticals Acquires DermaTech for $12.6M

  • Valeant Pharmaceuticals acquired DermaTech for approximately AU$19 million ($12.6 million).

    Earlier this year, under the direction of a new CEO, Valeant revised its business strategy to, among other things, build on its strengths in neurology and dermatology.  DermaTech specializes in the development, production, and distribution of products to address common dermatological conditions; its current annualized net sales total approximately $6.9 million.



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Scientifically Studying Ecstasy

MDMA (commonly known as the empathogen “ecstasy”) is classified as a Schedule 1 drug, which is reserved for compounds with no accepted medical use and a high abuse potential. Two researchers from Stanford, however, call for a rigorous scientific exploration of MDMA's effects to identify precisely how the drug works, the data from which could be used to develop therapeutic compounds.

Do you agree that ecstasy should be studied for its potential therapeutic benefits?

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