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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.

Tags: offer stock staff cash

Category:Biotechnology and Pharmaceuticals

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