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VALEANT PHARMACEUTICALS INTL INC T.VRX

"Valeant Pharmaceuticals is a global specialty pharmaceutical firm with a focus on branded products for the dermatology, gastrointestinal, and ophthalmology markets. The firm also has a branded generics business that operates primarily in Latin America, Eastern Europe, and Asia."


TSX:VRX - Post by User

Post by Nawaralsaadion Oct 08, 2015 5:54pm
177 Views
Post# 24177151

Big pharma thinks twice about jacking up drug prices

Big pharma thinks twice about jacking up drug pricesMichael Pearson, chief executive of Valeant, has completed several “buy and raise” deals in recent years. In February, Valeant bought the rights to two life-saving heart drugs and raised the prices overnight, one by 525 per cent and the other 212 per cent.

https://www.ft.com/intl/cms/s/0/1ed232c0-6d2c-11e5-8171-ba1968cf791a.html#axzz3ntkEIAXl

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Which kind of heartless racket is that? Preying on the lives of sick people, this is truly sickening. Not to mention the tax avoiding structures they use. This company is a disgrace on so many levels.

Nawar
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