Valeant Pharmaceuticals subject of criminal probe: report

August 11, 2016 6:48 AM

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Valeant Pharmaceuticals International is the subject of a criminal probe by federal prosecutors, who are investigating whether the drugmaker defrauded insurers by hiding its ties to a mail-order pharmacy, the Wall Street Journal reported.

The U.S. attorney's office in New York is pursuing an unusual legal theory, previously unreported, that Valeant and the closely linked mail-order-pharmacy, Philidor Rx Services, allegedly defrauded insurers by hiding their close relationship, the Journal said, citing unidentified people familiar wit...

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