Valeant Falls on Report of Criminal Probe Into Philidor Ties

  • Drugmaker says it’s cooperating with U.S. Attorney’s office
  • Prosecutors investigating whether Valeant defrauded insurers

Valeant Falls on Report of Criminal Probe

Valeant Pharmaceuticals International Inc. fell the most in more than a month following a report that it’s the target of a criminal probe by federal prosecutors, who are investigating whether the drugmaker defrauded insurers by hiding its ties to a mail-order pharmacy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.