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INTANGIBLE ASSETS AND GOODWILL (Details) (USD $)
3 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2013
Product brands
Dec. 31, 2012
Product brands
Sep. 30, 2013
Corporate brands
Dec. 31, 2012
Corporate brands
Sep. 30, 2013
Product rights
Dec. 31, 2012
Product rights
Sep. 30, 2013
Partner relationships
Dec. 31, 2012
Partner relationships
Sep. 30, 2013
Out-licensed technology and other
Dec. 31, 2012
Out-licensed technology and other
Sep. 30, 2013
In Process Research and Development [Member]
Dec. 31, 2012
In Process Research and Development [Member]
Sep. 30, 2013
Corporate brands
Aug. 05, 2013
Corporate brands
Dec. 31, 2012
Corporate brands
Sep. 30, 2013
Non-recurring basis
Amortization and Impairments of Finite-lived Intangible Assets
Developed Markets
Ezogabine Retigabine
Sep. 30, 2013
Non-recurring basis
Amortization and Impairments of Finite-lived Intangible Assets
Developed Markets
Discontinued OTC Skincare [Member]
Mar. 31, 2013
Non-recurring basis
Amortization and Impairments of Finite-lived Intangible Assets
Developed Markets
Opana
Sep. 30, 2012
Non-recurring basis
In-process Research and Development Impairments and Other Charges
In Process Research and Development [Member]
Sep. 30, 2013
Non-recurring basis
In-process Research and Development Impairments and Other Charges
Ezogabine Retigabine
In Process Research and Development [Member]
Sep. 30, 2013
Non-recurring basis
In-process Research and Development Impairments and Other Charges
Lacrisert
In Process Research and Development [Member]
Sep. 30, 2012
Non-recurring basis
In-process Research and Development Impairments and Other Charges
IDP-107 program
In Process Research and Development [Member]
Sep. 30, 2013
Non-recurring basis
In-process Research and Development Impairments and Other Charges
Developed Markets
Ezogabine Retigabine
Finite-lived intangible assets:                                                  
Gross Carrying Amount $ 14,022,262,000 [1] $ 10,759,419,000 [1] $ 10,199,918,000 $ 7,968,318,000 $ 363,482,000 $ 284,287,000 $ 3,013,321,000 $ 2,110,350,000 $ 190,489,000 $ 187,012,000 $ 255,052,000 $ 209,452,000                          
Accumulated Amortization (3,469,849,000) [1] (1,997,626,000) [1] (2,470,281,000) (1,345,367,000) (38,413,000) (25,336,000) (811,998,000) (525,186,000) (73,043,000) (44,230,000) (76,114,000) (57,507,000)                          
Net Carrying Amount 10,552,413,000 [1] 8,761,793,000 [1] 7,729,637,000 6,622,951,000 325,069,000 258,951,000 2,201,323,000 1,585,164,000 117,446,000 142,782,000 178,938,000 151,945,000                          
Indefinite-lived intangible assets:                                                  
Indefinite-lived intangible assets                         847,375,000 [2] 546,876,000 [2] 1,690,551,000 [3] 1,690,551,000 0 [3]                
Total intangible assets                                                  
Gross carrying amount 16,560,188,000 11,306,295,000                                              
Net Carrying Amount 13,090,339,000 9,308,669,000                                              
Impairment charges on intangible assets                                   551,600,000 10,000,000 22,200,000   93,800,000 27,300,000 133,400,000 93,800,000
Payment to terminate research and development commitment                                         $ 12,000,000        
[1] In the first quarter of 2013, the Company recognized a write-off of $22.2 million related to Opana®, a pain relief medication approved in Canada (included in the Company's Developed Markets segment), due to production issues arising in the first quarter of 2013. These production issues resulted in higher spending projections and delayed commercialization timelines which, in turn, triggered the Company’s decision to suspend its launch plans. The Company does not believe this program has value to a market participant. These impairment charges were recognized in Amortization and impairments of finite-lived intangible assets in the consolidated statements of (loss) income. (2)In the third quarter of 2013, the Company wrote off an IPR&D asset of $93.8 million relating to a modified-release formulation of ezogabine/retigabine. For further information regarding this write-off, see note 7 titled “FAIR VALUE MEASUREMENTS”.In addition, in the third quarter of 2013, the Company wrote-off IPR&D assets of $27.3 million, in the aggregate, due to the write-off of IPR&D assets acquired by Valeant as part of Aton acquisition in May 2010, mainly related to the termination of the A007 (Lacrisert®) development program in the third quarter of 2013. The Company does not believe these programs have value to a market participant.In the third quarter of 2012, the Company recorded charges of (i) $133.4 million related to the write-off of an acquired IPR&D asset related to the IDP-107 dermatology program, which was acquired in September 2010 as part of merger between the Company (then named Biovail Corporation (“Biovail”)) and Valeant, and (ii) $12.0 million related to a payment to terminate a research and development commitment with a third party. Through discussion with various internal and external Key Opinion Leaders, the Company completed its analysis of the Phase 2 study results for IDP-107 during the third quarter of 2012. This led to the Company’s decision in the third quarter of 2012 to terminate the program and fully impair the asset. As attempts to identify a partner for the program were not successful, the Company does not believe the program has value to a market participant. The write-offs of the IPR&D assets were recorded in In-process research and development impairments and other charges in the consolidated statements of (loss) income. For further information regarding asset impairment charges, see note 7 titled “FAIR VALUE MEASUREMENTS”.(3)Represents the B&L corporate trademark, which has an indefinite useful life and is not amortizable. See note 3 “BUSINESS COMBINATIONS” for further information.
[2] Effective in the first quarter of 2013, the Company has two reportable segments: Developed Markets and Emerging Markets. Accordingly, the Company has restated prior period segment information to conform to the current period presentation. For further details, see note 20 titled “SEGMENT INFORMATION”.
[3] Primarily relates to the B&L, Obagi and Natur Produkt acquisitions (as described in note 3).