Tuesday, May 6, 2008

Valeant Pharmaceuticals Announces Temporary Stay in Efudex Case

May 5, 2008 - Valeant Pharmaceuticals (NYSE:VRX) today announced that Spear Pharmaceuticals has agreed not to market, sell or ship a generic fluorouracil cream 5% pursuant to a stay in Valeant's legal case against the Food and Drug Administration (FDA). The stay will remain in place until May 14, 2008, or until a further order of the Court is issued.

The details can be read here.

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