Valeant Pharmaceuticals International Sells Argentina Commercial Business

ALISO VIEJO, Calif.--(BUSINESS WIRE)--Valeant Pharmaceuticals International (NYSE:VRX - News) announced today that it has divested its Argentina commercial operations to one of the leading pharmaceutical companies in Argentina. Financial terms were not disclosed.

“One of our strategic initiatives for 2008 is to divest certain regions and simplify our operations,” said J. Michael Pearson, chairman and chief executive officer. “The sale of our business in Argentina is another important step forward in executing on our strategy.”

About Valeant

Valeant Pharmaceuticals International (NYSE:VRX - News) is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology and dermatology. More information about Valeant can be found at www.valeant.com.

Contact:

Valeant Pharmaceuticals Laurie W. Little, 949-461-6002

Source: Valeant Pharmaceuticals