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Valeant to sell Dendreon unit to China's Sanpower for $819.9 mln
January 10, 2017 / 3:59 AM / 8 months ago

Valeant to sell Dendreon unit to China's Sanpower for $819.9 mln

Jan 9 (Reuters) - Valeant Pharmaceuticals International Inc said its affiliate will sell its Dendreon Pharmaceuticals business to China’s Sanpower Group Co Ltd for $819.9 million in cash.

Valeant will use the proceeds to repay its term loan debt under its senior credit facility, the company said on Monday.

Reporting by Abinaya Vijayaraghavan in Bengaluru; Editing by Sunil Nair

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