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Valeant Pharmaceuticals to Buy 'Female Viagra' Maker

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Valeant Pharmaceuticals will pay about $1 billion to buy Sprout Pharmaceuticals, the maker of the first prescription drug intended to boost sexual desire in women. The deal announced on Thursday comes a day after US regulators approved the pill. Valeant expects the Sprout pill, Addyi, to be available in the US in the fourth quarter. The deal to buy the company should close in this quarter. The Food and Drug Administration’s approval of Addyi on Wednesday was a milestone long sought by drugmakers, which have made billions off impotence drugs for men. Sprout’s drug is intended to treat women who report emotional stress due to a lack of libido. It acts on brain chemicals that affect mood and appetite. http://www.theguardian.com/business/2015/aug/20/female-viagra-addyi-valeant-sprout-pharmaceuticals http://www.wochit.com This video was produced by Wochit using http://wochit.com
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