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Canadian specialty-drug giant Valeant Pharmaceuticals International agreed to pay $1 billion for Sprout Pharmaceuticals Thursday, two days after Sprout’s much-debated female aphrodisiac Addyi received FDA approval. The market seemed unimpressed by the move, as Valeant (VRX) stock fell 6.5% Thursday, to a six-week low of 229.06. A top-performing stock in recent years, Valeant shares touched a record high near 264 on Aug. 6. Valeant agreed to pay Scalper1 News
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