Valeant pharma stock

Shares in Quebec-based Valeant Pharmaceuticals, once one of Canada's most valuable companies, plummeted 13 per cent on Tuesday. In recent months the company has been mired in scandal, valeant pharma stock, the subject of drug-pricing investigations and improper accounting allegations. Former Valeant executive Gary Tanner is arrested and charged with running a fraud-and-kickback scheme.

Bill Ackman has officially quit Valeant Pharmaceuticals. The founder of the hedge fund Pershing Square on Monday sold his investment in the company and announced his plan to step down from the board. Once a stock market darling, Valeant has been falling since September after the company began to face scrutiny over its pricing strategy and its use of a secret specialty pharmacy called Philidor. When Philidor's existence — which had been kept from investors — was exposed its entire business model came under scrutiny from Wall Street, and its practices under investigation. Read next.

Valeant pharma stock

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Valeant pharma stock

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Currencies Currencies. Price Performance See More. All Press Releases Accesswire Newsfile. Site News. Michael Pearson, and Howard Schiller, the ex-chief financial officer. Short-seller Citron Research releases a report , calling the company's stock "toxic. Quote Overview for [[ item. Log In Sign Up. Valeant cuts ties with mail-order pharmacy company Philidor, after a report from Citron Research accused the company of "fraud. The two are accused of conspiring to set up Philidor as a market to distribute Valeant drugs. Reserve Your Spot. Learn Learn. Need More Chart Options? Andrew Davenport, formerly the chief executive of Philidor, a mail-order pharmacy, was also charged.

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Shares tumble to a six-year low as the company cuts its forecast. Current Rating See More. Site Map. Investing Investing Ideas. Shares in Quebec-based Valeant Pharmaceuticals, once one of Canada's most valuable companies, plummeted 13 per cent on Tuesday. Social Sharing. Share Facebook Icon The letter F. It symobilizes a website link url. Billionaire investor William Ackman reveals his Pershing Square Capital Management hedge fund has purchased a five per cent stake in Valeant. Covered Calls Naked Puts. The price of Nitropress increased per cent and Isuprel per cent since Valeant acquired them from Marathon Pharmaceuticals in Want Streaming Chart Updates?