*Jacqueline Susann’s classic 1966 novel Valley of the Dolls is coming to television courtesy of Oscar-nominated “Precious” director Lee Daniels, reports Deadline.com

NBC has bought the period project, from 20th Century Fox TV and studio-based Chernin Entertainment. Daniels is set to write and direct the adaptation as well as executive produce with Chernin and Katherine Pope.

Valley of the Dolls, which has sold more than 30 million copies, spans over two decades to chronicle the lives, career highs and ultimate self-destruction of three female best friends: Anne Welles, who works at a Broadway talent agency; Neely O’Hara, a vaudeville star; and Jennifer North, a showgirl. The title of the book refers to a slang for sleeping pills that the three women eventually become dependent on.

The novel was previously adapted as a movie in 1967, as a mini-series in 1981 and as a late-night soap in 1994.

This marks the broadcast debut of Daniels, who on the cable side was previously attached to an HBO multi-generational family project written by Amy Bloom. On the feature side, Daniels’ follow-up to “Precious,” “The Paper Boy” — starring Nicole Kidman, Matthew McConaughey and Zac Efron — will be released next year.