The Quebec-based pharmaceutical giant reported a US$302M loss for Q2, but promises progress in the remainder of 2016
The plant was closed after routine testing found legionella bacteria in two external cooling towers
The deal gives Quebec-based Prometic Life Sciences manufacturing flexibility
Had Teva Pharmaceutical Industries Ltd. succeeded, the combination would dominate the global generic drug market
Inspection of GSK vaccine plant in Ste. Foy, Que., comes after infractions raised by U.S. FDA last month
Ontario Economic Development Minister Eric Hoskins said his government will support the agreement but is concerned about the impacts on the pharmaceutical, dairy, wine and spirits industries.
Acquisition bolsters Valeant’s presence in prescription skin care market.
Companies also sign a five-year contract manufacturing agreement.