- published: 10 May 2016
- views: 4210
Valeant Pharmaceuticals International, Inc. is a publicly traded multinational specialty drugs company based in Laval, Quebec, Canada. The company focuses on purchasing the rights to older generic drugs and raising prices, sometimes to hundreds or thousands of dollars per pill. Valeant's main drug markets include neurology, dermatology and infectious disease with several drugs in late-stage clinical trials and several currently on the market. In addition, Valeant has a portfolio of more than 500 products from its prior history as a group of specialty chemical and radiochemical research, development and supply companies with a history stretching back to the 1960s. Valeant's strategy of exponential price increases on lifesaving medicines has been described by Berkshire Hathaway Vice Chairman Charlie Munger as "deeply immoral" and "similar to the worst abuses in for-profit education."
Valeant sells a wide range of drugs, including over-the counter medications and medical devices, as well as prescription drugs such as antidepressant Wellbutrin XL. Kinerase, which uses kinetin as active ingredient, is one of the most popular products of Valeant.
Elizabeth Ann Warren (née Herring; born June 22, 1949) is an American academic and politician, who is the senior U.S. Senator from Massachusetts. She is a member of the Democratic Party, and was previously a Harvard Law School professor specializing in bankruptcy law. A prominent legal scholar, Warren is among the most cited in the field of commercial law. She is an active consumer protection advocate whose scholarship led to the conception and establishment of the U.S. Consumer Financial Protection Bureau. Warren has written a number of academic and popular works, and is a frequent subject of media interviews regarding the American economy and personal finance.
Following the 2008 financial crisis, Warren served as chair of the Congressional Oversight Panel created to oversee the Troubled Asset Relief Program (TARP). She later served as Assistant to the President and Special Advisor to the Secretary of the Treasury for the Consumer Financial Protection Bureau under President Barack Obama. During the late 2000s, she was recognized by publications such as the National Law Journal and the Time 100 as an increasingly influential public policy figure.
With a new CEO at the helm, is it possible that Valeant can turn itself around or is the whole thing a value trap? Jim Cramer speaks to the new CEO to find out. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Watch more Mad Money here: http://bit.ly/WatchMadMoney » Read more about Valeant here: http://cnb.cx/1WlBJUn "Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind -- to try to help you make money. About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of you...
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Elizabeth Warren At Valeant Pharmaceuticals Hearing on Business Practices. A high-profile activist investor, the outgoing CEO of a crashed pharmaceuticals company and a firebrand U.S. Senator walk into a hearing room. That’s not the wind-up to a joke, it’s what will take place at Wednesday afternoon’s Senate hearing on Valeant Pharmaceuticals International’s drug-pricing practices. The line-up for the hearing was already attention grabbing. Valeant chief Michael Pearson, who oversaw the pharmaceutical company’s stunning rise and fall, was set to join hedge-fund manager William Ackman, who sits on Valeant’s board and has suffered enormous losses on his stake in the company, at the hearing of the Senate Special Committee on Aging. But that’s not all. While better known for her tough talk a...
The Senate Special Committee on Aging held a hearing entitled “Valeant Pharmaceuticals’ Business Model: The Repercussions for Patients and the Health Care System.” Senator Casey questioned Valeant Execs on their drug price practices.
FBN’s Charlie Gasparino on Pershing Square’s Bill Ackman’s investment in, and defense of, Valeant Pharmaceuticals. Watch Charlie Gasparino and Liz Claman talk about Hedge Funds and Stocks on Charlie Breaks It, Charlie Liz, Closing Bell, and Segment.
Drug industry iconoclast Valeant Pharmaceuticals has polarized Wall Street, delivering blockbuster share performance for years while also attracting vocal naysayers.
A quick and simple overview of what led to Valeant Pharmaceuticals sell-off. This podcast was recorded on Mar. 23, 2016. Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete... Now an industry 99% of us use daily is set to implode... And 3 established companies are positioned to take advantage. Click http://bit.ly/1zQXjzy for a stunning presentation. ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Or, follow our Google+ page: https://plus.google.com/+MotleyFool/posts Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool F...
April 27 -- Bill Ackman, Pershing Square Capital Management's chief executive officer, speaks at a Senate hearing on Valeant and drug pricing. Pershing Square has investments in Valeant.
March 15 -- Valeant Pharmaceuticals International Inc. shares plunged in their worst day ever, falling as much as 49 percent after the company cut its 2016 forecast, reported a weak fourth quarter and said it risked breaching some of its debt agreements if it can’t file its annual report in time. Livermore Partners Managing Director David Neuhauser weighs in on "Bloomberg Markets."
Berkshire Hathaway's Warren Buffett shares his thoughts on Valeant and accusations the company was "jacking up" drug prices.
Ella
la que casi siempre queda sola
la que a menudo llora por las noches
pues sus amigos la suelen olvidar
Ella la que a nadie le parece atractiva
que se iluciona con una sonrisa
si algun muchacho la llega a saludar
Ella
niña cansada de mirarse al espejo
no muy contenta de ver su reflejo
piensa que nunca el amor va a llegar
no sabe que un espejo jamas reflejara la realidad
Por que ella es mucho mas que una cara bonita
que se lleva el tiempo
su belleza va mas alla
de un cuerpo para provocar
ella es al final de cuentas lo que un hombre sueña
pues no importa el tiempo siempre sera bella
pronto llegara a quien amar
Ella la que a nadie le parece atractiva....