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Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Valeant Pharmaceuticals International, Inc.’s proposed $475 million acquisition of Precision Dermatology, Inc. would likely be anticompetitive.

Under the order, Valeant has agreed to sell Precision’s assets related to two acne treatments – Tretin-X, its branded single-agent topical tretinoin, and generic Retin-A – within 10 days of consummating the transaction.   

According to the FTC’s complaint, first announced in July 2014, Valeant’s acquisition of Precision as originally proposed would likely reduce competition in the market for branded and generic single-agent topical tretinoins, and in a separate market for generic Retin-A.

The Commission vote approving the final order was 5-0. (FTC File No. 141 0101; the staff contact is Lynda Lao, Bureau of Competition, 202-326-3054)

The Federal Trade Commission works to promote competition, and to protect and educate consumers. The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. You can learn more about how competition benefits consumers, file an antitrust complaint, or comment on a proposed merger. For the latest news and resources, follow the FTC on social media, subscribe to press releases, and read our blog.

Contact Information

MEDIA CONTACT:

Betsy Lordan
Office of Public Affairs
202-326-3707

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