Demystifying Valeant And Philidor

Transparency may be what Valeant Pharmaceuticals International Inc was aiming for on the morning of Oct. 26, but the pharma presented hordes of information that only left investors with further questions – particularly surrounding its affiliation with specialty pharmacy Philidor – and added to the company's shady façade.

Valeant hosted an impromptu investor conference call to respond to allegations made by short-selling investment firm Citron Research in a report last week. The report alleges that Valeant is the...

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