Valeant under criminal investigation over Philidor ties: WSJ

August 11, 2016 1:19 AM

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Valeant under criminal investigation over Philidor ties: WSJ

NEW YORK/SAN FRANCISCO U.S. prosecutors have opened a criminal investigation into drugmaker Valeant Pharmaceuticals International Inc (VRX.N) over whether it hid from insurers its relationship with a specialty pharmacy that helped boost its drug sales, The Wall Street Journal reported on Wednesday.

Lawyers at the U.S. Attorney's Manhattan office are trying to gauge whether concealing those ties may have amounted to defrauding insurers, the Journal report said, citing people familiar with the matter. A source familiar with the matter told Reuters later on Wednesday that investigators have been ...

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