The Traderszone Network

Published in TZ Latest News 15 October, 2015 by The TZ Newswire Staff

Valeant subpoenaed by U.S. prosecutors; shares drop

U.S.-listed shares of Valeant, which said it would cooperate with the investigations, closed down 4.7 percent at $168.87. The Canadian company, which was rapped by Democratic lawmakers in late September over those price increases, said late Wednesday it was reviewing subpoenas from the U.S. Attorneys’ Offices for the District of Massachusetts and the Southern District of New York. Valeant tripled the price of its drug Isuprel and raised the price six-fold for another heart drug, Nitropress, after buying them in February.