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This is compared to a loss from continuing operations of USD7.3m (loss of USD0.08 per diluted share) for the third quarter of 2008. A Total revenue of USD220.3m was generated in the third quarter of 2009, a hike of 31% as compared to USD168.4m in the third quarter of 2008. A Research and development costs went down 51% to USD11.3m in the third quarter of 2009, from USD23.2m in the corresponding period in 2008, primarily due to the company's new leveraged R&D model.
Valeant has raised its cash EPS target to between USD2.10 and USD2.20 in 2009, up from the prior guidance of USD1.90 to USD2.10.
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