Valeant Stock Sinks As CEO Sidelined By Illness

By | December 28, 2015

Scalper1 News

Shares of embattled specialty drugmaker Valeant Pharmaceuticals International (VRX) sank Monday as the company said its CEO would go on indefinite medical leave. Valeant sent an email to the press on Christmas Day stating that CEO J. Michael Pearson had been hospitalized for pneumonia, giving no further details. On Monday, the firm issued a formal press release saying that Pearson is on medical leave and that a three-man team composed of General Scalper1 News

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