The Montreal-based Valeant Pharmaceuticals Int (USA) (NYSE:VRX) reported on Friday that it would pay almost $312 million to purchase Pennsylvania-based OraPharma from private-equity company Water Street Healthcare Partners.
Valeant reported the agreement also comprises almost $114 million in potential contingent payments based on certain milestones, comprising revenue targets.
Valeant announced that OraPharma, a producer of oral-health products, has the biggest specialized pharmaceutical sales force in the dental industry and had trailing 12-month net revenue of almost $95 million as of the March end.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Allergan, Inc (NYSE:AGN) rose +0.88% to settle at $92.45, Mylan Inc (NASDAQ:MYL) moved up +0.81% to end at $21.20 while Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) plunged -0.92% to finish on Friday at $37.87.
Valeant Pharmaceuticals Int (USA) (NYSE:VRX) last session volume of 2.40 million shares was surprisingly higher than its average volume of 2.12 million shares. The stock after opening at $46.19 hit high price of $46.67 and then closed at $44.93 by scoring -2.22%.
The liquidity measure in recent quarter results of the company was recorded 1.60 as current ratio and on the other side the debt to equity ratio was -1.72 and long-term debt to equity ratio also remained -1.68. The Company had total cash at hand $331.53 million and a book value per share as $13.37 in the most recent quarter.
The stock price volatility was 4.29% for a week and 3.15% for a month as well as price volatility’s Average True Range for 14 days was 1.56 and its beta remained 0.89.
VRX generated revenue of 2.75 billion in the following twelve months and earned $140.16 million. The Company showed a positive 5.09% in the net profit margin and as well as in its operating margin which remained 9.37%. Company’s annual sales growth for the past five year was 18.20%.
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