Ailing CEO of embattled pharma company Valeant on medical leave

December 28, 2015 9:48 PM

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LAVAL, Quebec, Dec. 28 (UPI) -- The CEO and chairman of Valeant Pharmaceuticals International has taken medical leave for a severe case of pneumonia, the company said Monday.

J. Michael Pearson, 56, had been hospitalized in New Jersey for what Valeant called a severe case of pneumonia. The chief executive has since been moved to another hospital in an undisclosed location, however.

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