Bio Path Holdings Inc (BPTH)

[Mt Bobster]

Can any one tell me if this news is good or bad. Read it twice. I am just wondering. Thank You. Your Friend Bob. Mentions Biopath in article.

Corporate News Blog - Valeant Pharma Completes Sale of its Obagi Medical Products Business

ACCESSWIRE ACCESSWIRENovember 13, 2017
Research Desk Line-up: Bio-Path Post Earnings Coverage
LONDON, UK / ACCESSWIRE / November 13, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Valeant Pharmaceuticals International, Inc. (NYSE: VRX) ("Valeant"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=VRX. The Company announced on November 10, 2017, that it has completed the sale of the Obagi Medical Products business for $190 million in cash to Haitong International Zhonghua Finance Acquisition Fund I, L.P. and its affiliate Obagi Cosmeceuticals, LLC. For immediate access to our complimentary reports, including today's coverage, register for free now at:http://protraderdaily.com/register/
Discover more of our free reports coverage from other companies within the Drug Delivery industry. Pro-TD has currently selected Bio-Path Holdings, Inc. (NASDAQ: BPTH) for due-diligence and potential coverage as the Company announced on November 09, 2017, its financial results for Q3 2017 which ended on September 30, 2017 and also provided an update on recent corporate developments. Tune in to our site to register for a free membership, and be among the early birds that get our report on Bio-Path when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on VRX; also brushing on BPTH. Go directly to your stock of interest and access today's free coverage at:
http://protraderdaily.com/optin/?symbol=VRX
http://protraderdaily.com/optin/?symbol=BPTH
Overview of the Obagi Medical Products Business
Obagi Medical Products is a global specialty pharmaceutical company founded by leading skin care experts in 1988. Valeant had acquired the Obagi business for approximately $344 million in 2013. The Obagi Medical Products unit comprises skin-care products, which have been specifically designed to help minimize premature skin aging, skin damage, and hyperpigmentation. These products are mostly available at dermatologists, plastic surgeons, and medical spas. Revenue and adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), non-GAAP, for the Obagi business for the full-year 2017 is estimated to be around $85 million and $30 million, respectively. Valeant announced its plans to sell Obagi in July 17, 2017, and it completed the sale on November 10, 2017.
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