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Living Proof Enters Skin Care in Valeant Accord

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By: TOM BRANNA

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Living Proof has entered into a global venture with Valeant Pharmaceuticals International, Inc. to develop, distribute and commercialize products for aesthetic dermatology that will be sold exclusively through Valeant’s direct-to-physician channel. The transaction is worth more than $75 million in upfront and milestone payments as well as a 60/40 profit split, according to the companies.  The initial product development efforts in aesthetic dermatology will be based on Living Proof’s proprietary...

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