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Valeant to offer cash, stock to keep staff after turmoil
2015-11-18 17:22:29| Biotech - Topix.net
Valeant Pharmaceuticals International Inc will likely offer cash and stock incentives to more key U.S. staff as it aims to avoid mass departures from the heavily scrutinized company, a spokeswoman said on Wednesday. Laval, Quebec-based Valeant partially uses stock to compensate employees, but shares have fallen more than 70 percent since early August over concerns about its use of a U.S. specialty pharmacy and price spikes for some of its drugs.
U.S. congressman seeks interviews with Valeant employees tied to Philidor
2015-11-16 21:13:09| Biotech - Topix.net
The top Democrat on a U.S. House of Representatives investigative panel is requesting interviews with a handful of executives at Valeant Pharmaceuticals International who were directly involved in the operations of specialty pharmacy Philidor, according to a letter seen by Reuters. In the Nov 16 letter, House Oversight Ranking Democrat Elijah Cummings asks Valeant CEO J. Michael Pearson to make employees Gary Tanner, Bijal Patel, and Alison Pritchett available for "transcribed" interviews.
Tags: employees
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Sans Regulatory Risks, Valeant Is Worth $35
2015-11-16 19:16:44| Beverages - Topix.net
Its business model appears broken. Valeant is cutting prices and is expected to tamp down on acquisitions.
Tags: sans
worth
risks
regulatory
Valeant, Ackman must face U.S. insider trading lawsuit
2015-11-12 01:40:19| Biotech - Topix.net
A U.S. judge said Valeant Pharmaceuticals International Inc. and activist hedge fund manager William Ackman must face a lawsuit accusing them of insider trading in Allergan Inc before making an unsuccessful takeover bid for the maker of Botox. In a Nov. 9 decision, U.S. District Judge David Carter in Santa Ana, California, rejected arguments by Valeant, Ackman and Ackman's Pershing Square Capital Management that the lawsuit should be dismissed because their activity was not fraudulent.
Tags: face
trading
insider
lawsuit
Valeant CEO Pledges to Heed Critics After - Painful' Experience
2015-11-10 20:31:37| Biotech - Topix.net
Striking a more reflective tone and pledging to listen to critics, Valeant Pharmaceuticals International Inc. Chief Executive Officer Mike Pearson sought to regain confidence from investors in remarks that painted a fuller picture of the drugmaker's financial exposure to a controversial pharmacy partner. In his first public comments since Valeant said it would cut ties with Philidor Rx Services, Pearson warned that the impact of the decision would meaningfully affect the dermatology business, which makes up almost a fifth of total revenue.
Tags: experience
ceo
critics
painful
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