Dow Pharmaceutical Sciences, Inc.

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Develops topical formulations for pharmaceutical and biotech companies

Petaluma, CA

NYSE: VRX

Contact: Jim Currie

www.dowpharmsci.com

Acquisition

Acquired by: Valeant Pharmaceuticals International

Exit date: December 10, 2008

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Case Study

Dow Pharmaceutical Sciences specializes in development of topical drug products for pharmaceutical and biotechnology clients

Essex Woodlands initially invested in Dow Pharmaceuticals in 2005. …

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