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Skin care brand Ambi is transitioning from one parent company to another. Johnson & Johnson has sold the Ambi brand to Valeant Pharmaceuticals North America. Valeant is a multinational, 17 billion market cap pharmaceutical/OTC company based in Bridgewater, New Jersey. It also owns beauty brand Kinerase, AcneFree, CeraVe and more, in addition to multiple derm brands and other pharmaceutical product brands.