EXHIBIT 21

SUBSIDIARIES OF THE REGISTRANT

          Valeant Pharmaceuticals International is incorporated in the State of Delaware. The following table shows the Company’s subsidiaries as of December 31, 2007, the percentage of their voting securities (including directors’ qualifying shares) then owned, directly or indirectly by the Company, and the jurisdiction under which each subsidiary is incorporated. These subsidiaries are included in the Company’s consolidated financial statements.

		PERCENTAGE
		OF VOTING
	JURISDICTION	SECURITIES OWNED
	OF	BY COMPANY
	INCORPORATION	OR SUBSIDIARY
Valeant Argentina S.A.	Argentina		100
Laboratorios Valeant Argentina S.A.	Argentina		100
Valeant Pharmaceuticals Australasia Pty. Ltd.	Australia		100
Valeant Farmaceutica do Brasil Ltda.	Brazil		100
Valeant Canada Ltd.	Canada		100
Valeant Canada Holdings Ltd.	Canada		100
Valeant Pharma Hungary Commercial LLC	Hungary		100
Valeant Farmaceutica, S.A. de C.V.	Mexico		100
Laboratorios Grossman, S.A.	Mexico		100
Logistica Valeant S.A. de C.V.	Mexico		100
Valeant Biomedicals Dutch Holdings B.V.	Netherlands		100
Valeant Dutch Holdings B.V.	Netherlands		100
ICN Polfa Rzeszow S.A.	Poland		99
Valeant Global Pte. Ltd.	Singapore		100
Valeant Pharmaceuticals Singapore Pte. Ltd.	Singapore		100
Valeant Singapore Pte. Ltd.	Singapore		100
Valeant Pharmaceuticals Switzerland GmbH	Switzerland		100
Valeant Biomedicals, Inc.	Delaware (USA)		100
Valeant Pharmaceuticals North America	Delaware (USA)		100

* In accordance with the instructions of Item 601 of Regulation S-K, certain subsidiaries are omitted from the foregoing table.