Is it too little too late, or can the caped crusaders at Valeant turn this around (POW, ZAP, ZAM!) and get their stock price higher again?
“The newest allegations about activities at Philidor raise additional questions about the company’s business practices,” Michael Pearson, Valeant’s chief executive officer, said in the statement. “We have lost confidence in Philidor’s ability to continue to operate in a manner that is acceptable to Valeant and the patients and doctors we serve.”
Clearly, if VRX is running a scam, they’re pretty shitty at it. This all comes ahead of Bill Ackman’s sales pitch to Wall Street this morniing, regarding his awesome and amazing reasons to be long such a wonderful company.
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