Valeant sells its Addyi female libido pill to former owners, but will it ever catch on?

Will the Addyi female sexual dysfunction pill ever generate any excitement?

Two years after betting $1 billion on the drug, Valeant Pharmaceuticals (VRX) has agreed to sell Sprout Pharmaceuticals, which initially won regulatory approval for the drug, back to its shareholders. The deal ends a lawsuit filed against the drug maker by former Sprout shareholders  – and Valeant is providing a $25 million loan.

The move ends a stunning failure by Valeant to successfully market a pill that, while mired in controversy, seemed to mark a turning point in women’s health when it became available in 2015.

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