Valeant Pharmaceuticals Takes Another Hit as Takeda Deal Falls Through

Posted by Nick Buenaventura on Dec 1, 2016 10:18:10 AM

Controversial Valeant Pharmaceuticals (NYSE: VRX) in the news again as the deal to sell their division of Salix to the Japenese company, Takeda (TYO: 4502), broke down. The disagreement to sell the gastrointestinal-drugs division of Valeant caused further turmoil in their bonds as they dropped over 2 cents following the announcement. The volatility is nothing new to the pharmaceutical company as just earlier this month they experienced a significant drop in prices when they severed ties with Philidor Rx Services, LLC

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Topics: Valeant, Takeda, Salix, Philidor, Pharmaceuticals

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