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Valeant Says It's Cutting Ties With Troubled Pharmacy Philidor

  • Decision comes after Bloomberg report on Philidor's activity
  • Valeant's decision follows those by CVS, Express Scripts
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Valeant Walking Away From Embattled Philidor RX

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Valeant Pharmaceuticals International Inc. will terminate its relationship with Philidor Rx Services, the closely-associated pharmacy that the drugmaker has used to distribute its products and that is under scrutiny for its business practices.

Philidor will shut down operations as soon as possible, Valeant said in a statement Friday, and the drugmaker will continue to ensure patients’ access to treatments. The decision came after Bloomberg News reported that Philidor altered doctors’ prescriptions to wring more reimbursements out of U.S. health insurers.