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Valeant sells low-selling 'female viagra' to former owners

Discussion in 'Valeant Pharmaceuticals' started by RobertPhillips900, Nov 7, 2017 at 2:16 PM.

  1. RobertPhillips900

    Joined:
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    Valeant said it will sell Sprout, the subsidiary that produces Addyi-the female libido pill, to a former shareholder of Sprout in exchange for a 6% royalty on global sales of Addyi. The sale is expected to close before the end of 2017. Addyi is the only approved and commercialized product of Sprout. http://alph.st/b0896dd5
     

  2. anonymous

    anonymous Guest

    What’s happening with sales force?
     
  3. anonymous

    anonymous Guest

    What will happen to sales force?
     
  4. anonymous

    anonymous Guest

    The sales force is being let go.
     
  5. anonymous

    anonymous Guest

    Are they giving the sales reps a severance package?
     
  6. anonymous

    anonymous Guest

     
  7. anonymous

    anonymous Guest

    Why would you ask a dumb question like that?
     
  8. anonymous

    anonymous Guest

    I think they're giving a severance of maybe 2 weeks to a month. If you sign it you waive all rights of being involved in any litigation against Valeant in the future. Read the severance carefully. Valeant is known to pay off employees to not come after them legally.
     
  9. anonymous

    anonymous Guest

    They all do that. Boilerplate agreements.