Salix Pharma says inventory rises, cuts 2014 forecast

November 6, 2014 10:16 PM

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(Reuters) - Salix Pharmaceuticals Ltd slashed its full-year forecast and said inventory for its key drugs piled up, sending its shares down nearly 36 percent after the bell.

The company, which makes bowel drugs, said wholesale inventory levels for its four key drugs showed enough stock for at least five months, in contrast to earlier statements that indicated stocks that would last just weeks.

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