The Traderszone Network

Published in TZ Latest News 16 December, 2015 by The TZ Newswire Staff

Valeant says can contain hit to dermatology, projects 2016 growth

The company said it would rebuild lost business through a distribution agreement with Walgreens pharmacies announced on Tuesday, and said the arrangement would also help sales of products like Xifaxin for irritable bowel syndrome and Addyi, a new sexual dysfunction treatment for women. Valeant shares rose 8 percent to $118.75 in New York trading, gaining ground as Chief Executive Michael Pearson led investors through a four-hour meeting in which he defended the company’s plan to rebuild its dermatology business.

read more