FTC, Valeant See Eye-To-Eye On Paragon Divestiture

Law360, New York (February 8, 2017, 5:35 PM EST) -- The U.S. Federal Trade Commission signed off on a settlement with Valeant Pharmaceuticals International Inc. over its 2015 purchase of a contact lens manufacturer, finding on Wednesday that the Canadian pharmaceutical company's divestiture remedied the agency's claims.

Valeant — the owner of Bausch & Lomb, an eye health company and maker of contact lenses — sold off its Paragon Holdings I Inc. unit in November, at the behest of the federal antitrust watchdog. That sale adequately addressed the agency's competition concerns in the market for polymer disks used to make rigid, gas-permeable contact lenses, according to the Wednesday final order settling...

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