ICN Pharmaceuticals was founded as International Chemical and Nuclear Corporation in 1960. In 2003, ICN changed its name to Valeant Pharmaceuticals International signifying the core principles and values underpinning the company and its new strategic focus. Valeant Pharmaceuticals has made a major commitment to invest in its research facilities and intellectual capital by increasing its financial commitment to R&D, upgrading its research facilities and employing the latest technologies to unlock the potential of its nucleoside library. ICN Photonics and ICN Medical Alliance are the subsidiary companies of Valeant Pharmaceuticals.