The Traderszone Network

Published in TZ Latest News 21 October, 2015 by The TZ Newswire Staff

Specialty pharmacies in spotlight as Valeant ties questioned

Investor concerns over accounting practices at Valeant Pharmaceuticals International Inc (VRX.TO) have put a spotlight on the little-known and fast-growing specialty pharmacy industry. Shares of Valeant fell 19 percent on Wednesday after influential short-seller Citron Research accused the company of using specialty pharmacies, through a network led by its partner Philidor Rx Services, to inflate its revenue, an allegation the drugmaker denied.

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