Bullboard - Stock Discussion Forum VALEANT PHARMACEUTICALS INTL INC T.VRX

Healthcare Drug Manufacturers - Specialty & Generic

"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."

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VALEANT PHARMACEUTICALS INTL INC > ' Valeant's structure may not be illegal

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Post by health1234 on Nov 09, 2015 11:05pm

' Valeant's structure may not be illegal

"Fairly ... soon Valeant will have identified a new specialty pharmacy to handle" the business that once belonged to Philidor Pharmacy, Ackman said.

We may find out more about that as early as Tuesday morning, when Valeant holds its own conference call, he hinted.

Valeant's relationship with Philidor, a specialty pharmacy that distributed Valeant drugs and collected money from insurance companies, is part of the reason why its share price collapsed by over 50% over the last month.

It's not that working with a specialty pharmacy is unheard of in the world of big pharmaceutical companies. It's just that Valeant's relationship with Philidor was very close.

"In the case of Philidor, Valeant consolidates their financials and seems to have a controlling financial interest, while other companies say their affiliated specialty pharmacies are 'fully independent.' Valeant's structure may not be illegal, but we find it aggressive and questionable," said one analyst at BMO.

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