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Drug Maker Valeant Abandons 'Phantom Pharmacy'

2015-10-31 09:03:55| Biotech - Topix.net

Valeant Pharmaceuticals, a company that has come under intense scrutiny for its drug prices, has cut ties with Philidor following accusations that it was a "phantom pharmacy" used solely to artificially boost sales. Valeant said Friday that the mail-order pharmacy has informed the company that it will shut down as soon as possible.

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Valeant cuts ties with Philidor

2015-10-30 13:40:08| BBC News | Business | UK Edition

Drug maker Valeant announced it will cut ties with the speciality pharmacy it is accused of using to fake sales.

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How Biotech ETFs Have Performed During the Valeant Stock Crash

2015-10-28 21:59:04| Biotech - Topix.net

Biotech ETFs have been the focus of many investors this week after Valeant Pharmaceuticals Intl. Inc. shares dropped more than 46% last week.

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Five things to know about embattled Valeant Pharmaceuticals

2015-10-27 16:58:27| Biotech - Topix.net

Five things to know about Valeant Pharmaceuticals, which is under fire in the U.S. for some of its business practices: The company: The pharmaceutical giant, based in Laval, Que., is a publicly traded, multinational specialty drug company that focuses on neurology, dermatology and eye care. Among its subsidiaries are Bausch & Lomb and Salix Pharmaceuticals.

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Valeant sets up panel to look into specialty pharmacy association

2015-10-26 21:02:35| Biotech - Topix.net

Oct 26 Canadian drugmaker Valeant Pharmaceuticals International Inc said on Monday it would set up an ad hoc committee to look into allegations about the company's association with specialty pharmacy distributor Philidor. The company's link to the drug distributor and its option to buy Philidor came under scrutiny after a New York Times report said that drugmakers were using specialty drug distributors to overcome barriers to raising prices.

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