The Traderszone Network

Published in TZ Latest News 10 November, 2015 by The TZ Newswire Staff

Drugmaker Valeant to feel sting of closing controversial pharmacy

TORONTO/WINNIPEG (Reuters) – Valeant Pharmaceuticals International Inc (VRX.TO) (VRX.N) said on Tuesday its dermatology business would be hurt in the short term as it moves rapidly to sever ties with a controversial specialty pharmacy. As of last week, Philidor Rx Services has stopped handling insurance claims for drugs and it will cease operations by the end of January, Valeant Chief Executive Officer Mike Pearson told investors and analysts on a conference call on Tuesday.

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