Term Sheet — Tuesday, November 7
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...