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Valeant Pharmaceuticals International, Inc.

09:57 AM EST - Valeant Pharmaceuticals International, Inc. : and Afexa Life Sciences Inc., the maker of COLD-FX(R)- today announced that it has entered into a definitive acquisition support agreement with 1625907 Alberta Ltd., ("Acquireco") a subsidiary of Valeant, pursuant to which Acquireco has agreed to acquire all of the outstanding common shares of Afexa for $0.71 per share in cash. Valeant Pharmaceuticals International, Inc. shares T.VRX are trading down $0.21 at $43.33.