Valeant Could Divest Paragon Amidst FTC Investigation

Dec 09, 2015

Reuters

According to a Reuters article, Valeant is seeking possible buyers for its specialty contact lens manufacturing division, Paragon Vision Sciences. Sources say the FTC has been investigating Valeant for potentially cornering a portion of the lens market.

Valeant’s Bausch & Lomb unit purchased Paragon earlier this year for an undisclosed sum.
The specialty pharmaceutical company is being scrutinized at its attempt to consolidate the market for gas permeable contact lenses.

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