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Valeant Pharmaceuticals International, Inc.

03:33 PM EST - Valeant Pharmaceuticals International, Inc. : announced that it has withdrawn its offer to acquire ISTA Pharmaceuticals Inc. for $7.50 per share in cash. Valeant had previously announced that the offer would only remain open until January 31, but withdrew the offer today due to lack of progress. Valeant Pharmaceuticals International, Inc. shares T.VRX are trading down $0.37 at $48.80.