Valeant selling 4 assets for $2.1B in cash grab: 4 takeaways

To combat its $30 billion debt, Lovell, Canada-based Valeant Pharmaceuticals is selling its Dendreon cancer business and three of its skincare brands for $2.12 billion.

Here's what you should know.

1. Valeant is selling its Dendreon immunotherapy prostate cancer business to China-based Sanpower Group for $819.9 million.

2. Additionally, Valeant is selling its CeraVe, AMBI Skincare and AcneFree skincare brands to Île-de-France-based L'Oreal for $1.3 billion.

The three product lines yielded an annual revenue of $168 million for Valeant.

3. Valeant expects to close on both transactions in early 2017.

4. The sales' proceeds will pay back some of Valeant's term loan debt.

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