US drugmaker Valeant investigated over ties to mail-order pharmacy

August 11, 2016 6:48 AM

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SAN FRANCISCO (BLOOMBERG) - Valeant Pharmaceuticals International is the subject of a criminal probe by US federal prosecutors, who are investigating whether the drugmaker defrauded insurers by hiding its ties to a mail-order pharmacy, the Wall Street Journal reported on Wednesday (Aug 10).

Prosecutors are pursuing an unusual legal theory that Valeant and its mail-order pharmacy, Philidor Rx Services, allegedly defrauded insurers by hiding their close relationship, the Journal said, citing unidentified people familiar with the matter. Valeant said that it's cooperating with the investi...

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