Valeant Pharmaceuticals International (VPI), a research-based pharmaceutical company, engages in the discovery, development, manufacture, and marketing of various pharmaceutical products worldwide. Its products encompass various therapeutic areas, with a primary focus upon infectious disease, neurology, and dermatology. The company's research and new product development initiatives focus on treatments for hepatitis C, hepatitis B, HIV/AIDS, and cancer. VPI also develops, manufactures, and distributes prescription and nonprescription pharmaceuticals. Its prescription pharmaceutical products treat neuromuscular disorders, cancer, cardiovascular disease, diabetes, and psychiatric disorders. As of December 31, 2004, VPI's product portfolio comprised of approximately 575 branded products with approximately 2,400 stock-keeping units. The company markets its products through marketing and sales force, as well as sells directly to physicians, hospitals, wholesalers, and large drug store chains primarily in North America, Latin America, Europe, Asia, Africa, and Australia. VPI was incorporated as ICN Pharmaceuticals, Inc. in 1994 and changed its name to Valeant Pharmaceuticals International in 2003. The company is headquartered in Costa Mesa, California. Valeant Pharmaceuticals International acquired Xcel Pharmaceuticals, Inc. on March 2005.
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