It’s been an ugly few days for Valeant. Following Wells Fargo downgrade and Jim Chanos warnings over PBMs broadly based on Deutsche Bank’s analysis, Dow Jones reports after-hours that Valeant is set to restate earnings after an internal review.
Maybe this explains CEO Pearson’s sudden “pneumonia”…
The stock is down 10% after-hours, down 18% on the day and back at levels not seen since early 2013…
via Zero Hedge http://ift.tt/1TBf3xr Tyler Durden