Valeant CEO Pearson Still Hospitalized After Pneumonia Care
- Company says it will update his condition when `appropriate'
- Pneumonia cause of more than 50,000 U.S. deaths in 2013
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Valeant Pharmaceuticals International Inc.’s chief executive was discharged from a New Jersey hospital after treatment for “severe” pneumonia, though is still hospitalized.
Michael Pearson, who leads the drugmaker battered by scandals and questions about sales, was discharged by the Morristown Medical Center, a hospital spokeswoman, Elaine Andrecovich, said Sunday. Laurie Little, a spokeswoman for Valeant, said Pearson is still in a hospital, but wouldn’t say where. The company said he was hospitalized over Christmas.