Term Sheet — Tuesday, November 7

Nov 07, 2017 - Fortune
Board and Executive Moves-Mergers and Acquisitions-Financial Results

Good morning, Term Sheet readers.

Yesterday, we noted that Valeant Pharmaceuticals is giving Addyi, the female libido drug dubbed 'the female Viagra,' back to its former owners. This is quite a big deal as Valeant bought Sprout Pharmaceuticals, the company behind the drug for a whopping $1 billion just over two years ago.

Here's a quick summary of what happened: Sprout is a Raleigh, N.C.-based developer of a drug intended to treat hypoactive sexual desire disorder -- a persistent lac...