Keyword: Valeant

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Valeant CEO Steps Down, Ackman on Board

23.03.2016 - J. Michael Pearson has stepped down as CEO of Canada-based Valeant Pharmaceuticals two months after returning from a medical leave, as the company’s stock continues to bleed. One...

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Turing Lawyer Says He Warned Over Pill Hike

21.03.2016 - The former general counsel of Turing Pharmaceuticals said on Thursday that he and other executives had repeatedly objected to a plan by Martin Shkreli, then chief executive, to...

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SEC Investigates Valeant Again

03.03.2016 - Canada-based, US-managed drug firm Valeant Pharmaceuticals has confirmed it is under another investigation by the Securities and Exchange Commission (SEC), the latest in a string...

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J&J Ordered to Pay $72 Million for Cancer Death

26.02.2016 - A jury hearing a claim in a Missouri state circuit court against US healthcare giant Johnson & Johnson (J&J) has found the company liable for fraud, negligence and conspiracy in...

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FDA Accepts Valeant-AstraZeneca Psoriasis Application

29.01.2016 - The US Food and Drug Administration (FDA) has accepted for review the Biologics License Application (BLA) submitted by UK-Swedish drugmaker AstraZeneca in partnership with Canadian...

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Ackman Trims Valeant Stake to Create Tax Benefits

04.01.2016 - Pershing Square Capital Management, the hedge fund of billionaire US activist investor Bill Ackman, has trimmed its stake in Canada-headquartered Valeant Pharmaceuticals from...

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Valeant Cutting Ties With Philidor

03.11.2015 - Canadian drugmaker Valeant has said it will sever ties with Philidor, the specialty pharmacy it has been accused of using to falsify sales and drive selling prices. The company’s...

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Novartis to Settle With US on Kickback Charges

28.10.2015 - Novartis has agreed to pay $390 million to settle with the US Department of Justice over allegations it used kickbacks to specialist pharmacies to promote sales of some of its...