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Valeant stock suffers worst-ever day as activist Bill Ackman pledges proactive role
2016-03-16 03:53:00| Biotech - Topix.net
Activist investor Bill Ackman said Tuesday his Pershing Square Holdings Ltd. hedge fund would take a "much more proactive role" in protecting its losing investment in Valeant Pharmaceuticals International Inc., after a grim outlook and fears of a possible default sent that stock sharply lower. closed down 51% at $33.51, marking their worst-ever one-day performance, after the company slashed earnings and sales guidance and said it may breach loan covenants if it fails to produce an already delayed annual report by April.
Valeant shares dive as it cuts forecast
2016-03-15 19:09:11| BBC News | Business | UK Edition
Shares of pharmaceuticals company Valeant plunge by more than 40% after it misses revenue expectations and cuts its forward guidance.
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Valeant reports 4Q loss
2016-03-15 13:12:14| Biotech - Topix.net
Valeant Pharmaceuticals International Inc. on Tuesday reported a fourth-quarter loss of $336.4 million, after reporting a profit in the same period a year earlier. The Laval, Quebec-based company said it had a loss of 98 cents per share.
The lawsuit that kicked off all the Valeant drama has been...
2016-03-10 02:23:20| Biotech - Topix.net
Valeant Pharmaceuticals has settled its lawsuit with R&O Pharmacy, a pharmacy that was once a part of the drug maker's specialty pharmacy network. It was this lawsuit, when uncovered by short seller Andrew Left of Citron Research, that set off a fire storm for Valeant and sent its stock crashing.
Valeant sets earnings date, shares jump on hope for positive news
2016-03-08 13:41:47| Biotech - Topix.net
Valeant Pharmaceuticals International Inc, the subject of intense scrutiny over its business practices and pricing policies, said it would release preliminary quarterly results and guidance on March 15, raising hopes the company will serve up some positive news after months of uncertainty. Valeant's stock - which had plunged 24 per cent since the company said last week that it would delay its results, withdrew 2016 guidance and was the target of an SEC probe - rose as much as 8.5 per cent in morning trading on Monday.
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