Posts Tagged ‘Valeant’

Valeant CEO takes medical leave

Valeant CEO takes medical leave

NEW YORK (AP) — Valeant Pharmaceuticals CEO J. Michael Pearson is taking a medical leave of absence after he was hospitalized with pneumonia last week. Shares of the troubled Canadian pharmaceutical company fell 7 percent in premarket trading Monday. Pearson’s leave comes two weeks after Valeant Pharmaceuticals International Inc. slashed its fourth-quarter financial predictions...

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