Valeant Pharmaceuticals

E813059

Valeant Pharmaceuticals was a controversial multinational specialty pharmaceutical company known for aggressive drug price hikes, rapid growth through acquisitions, and subsequent accounting and regulatory scandals.

All labels observed (3)

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Statements (48)

Predicate Object
instanceOf pharmaceutical company
public company
acquired Bausch & Lomb
linked to: Bausch + Lomb

Dendreon
Medicis Pharmaceutical
Salix Pharmaceuticals
auditor PricewaterhouseCoopers
businessModel acquisition-driven growth strategy
businessPartnerOf Valeant Pharmaceuticals
CEO J. Michael Pearson
chairman J. Michael Pearson
country Canada
criticizedFor complex accounting practices
high leverage and debt levels
raising prices of acquired drugs
faced congressional hearings in the United States
formerName Biovail Corporation
Valeant Pharmaceuticals International, Inc.
headquartersLocation Laval, Quebec, Canada
industry pharmaceuticals
specialty pharmaceuticals
investedIn Valeant Pharmaceuticals
investmentThrough Pershing Square Capital Management
involvedIn Philidor specialty pharmacy controversy
knownFor accounting controversies
aggressive drug price increases
rapid growth through acquisitions
regulatory investigations
listedAs Valeant Pharmaceuticals International, Inc.
majorShareholder Bill Ackman
marketCapitalizationTrend sharp decline after 2015
mergedInto Valeant Pharmaceuticals
positionHeld Chief Executive Officer of Valeant Pharmaceuticals
renamedAs Bausch Health Companies Inc.
reputation highly controversial in pharmaceutical industry
restated certain financial results
stockExchange New York Stock Exchange
Toronto Stock Exchange
subjectOf Canadian securities regulators investigations
U.S. Department of Justice investigations
U.S. Securities and Exchange Commission investigations
therapyArea dermatology
gastroenterology
neurology
ophthalmology
tickerSymbol VRX
timePeriodOfMajorControversy early 2010s to late 2010s
usedSpecialtyPharmacy Philidor Rx Services

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Referenced by (7)

Full triples — surface form annotated when it differs from this entity's canonical label.

Pershing Square Holdings hasSignificantShareholderRoleIn Valeant Pharmaceuticals
Valeant Pharmaceuticals formerName Biovail Corporation
linked to: Valeant Pharmaceuticals
Biovail Corporation mergedInto Valeant Pharmaceuticals
subject linked to: Valeant Pharmaceuticals
Bausch Health Companies Inc. formerName Valeant Pharmaceuticals International, Inc.
subject linked to: Valeant Pharmaceuticals
linked to: Valeant Pharmaceuticals
Philidor Rx Services businessPartnerOf Valeant Pharmaceuticals
subject linked to: Valeant Pharmaceuticals
Pershing Square Capital Management investedIn Valeant Pharmaceuticals
subject linked to: Valeant Pharmaceuticals
Valeant Pharmaceuticals listedAs Valeant Pharmaceuticals International, Inc.
linked to: Valeant Pharmaceuticals