RE:Stabilization ProcessApparently Valeant is losing money on the Walgreens deal right now and that's part of why they're trying to re-structure it.
https://www.drugchannels.net/2016/06/valeant-reveals-bad-news-about-its.html
Here is Papa’s key point about its Walgreen relationship: “A significant portion of our Walgreens prescriptions have profitability significantly below our internal projections and meaningfully below non-Walgreens prescriptions. In some instances, these prescriptions actually have a negative average selling price." (emphasis added)
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Valeant intends to fix what it terms “unintended ASP consequences.” (Renegotiate the Walgreens arrangement, perhaps?) Valeant also announced that it had contracted with a “qualified” third party-vendor that will take over prior authorization support for products dispensed by Walgreens. I presume this means that it will hire a Philidor-like entity to provide hub services that can climb the PA paperwork mountain when Walgreens won’t do it.