Congresswoman DeLauro proposes pharma price legislation

Tuesday, October 18, 2016

Congresswoman Rosa DeLauro (CT-03) has announced the Prescription Drug and Medical Device Review Board Act, new legislation that would create a national review board to stop pharmaceutical corporations from charging consumers excessive prices. According to a recent report released by IMS Health Holdings, annual spending on prescription medications has skyrocketed in the U.S. in recent years, and is projected to increase by 22% over the next five years, climbing to as high as $400 billion by 2020.

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Report: U.S. specialty pharma’s M&A focus shifts to pipelines and innovative products

Tuesday, June 14, 2016

Despite the ongoing challenges weighing on the U.S. specialty pharmaceutical sector, companies will steadily resume M&A with a more refined focus, said Moody’s Investors Service. The ratings agency said it expects acquisitive specialty companies will increase their focus on products with unmet medical need, companies with pipeline drugs and those providing geographic expansion.

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Valeant names Joseph C. Papa chairman, CEO

Tuesday, April 26, 2016

Valeant Pharmaceuticals International has named Joseph C. Papa to become Valeant’s chairman and chief executive officer. Papa is expected to join Valeant by early May. Papa will join Valeant from Perrigo company, a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and prescription (Rx) pharmaceuticals, where he served as chairman and chief executive officer. Papa, who will also join Valeant’s board of directors, will succeed J. Michael Pearson, who is expected to remain as CEO and a director until Papa arrives at Valeant.

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J. Michael Pearson returns, but Valeant hits SEC trouble

Tuesday, March 1, 2016

Valeant Pharmaceuticals International has announced that J. Michael Pearson returned as Valeant’s chief executive officer following his recovery from severe pneumonia and other complications, effective immediately. Howard B. Schiller, Valeant’s interim chief executive officer, will transition out of his current duties but will continue as a member of Valeant’s Board of Directors. Robert A. Ingram has been appointed chairman of the Board as the company has separated the roles of chairman and chief executive officer.

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Valeant names Schiller Interim CEO

Thursday, January 7, 2016

Valeant Pharmaceuticals International has appointed Howard Schiller interim chief executive officer of Valeant, effective immediately. Schiller was Valeant’s chief financial officer from December 2011 through June 2015 and currently serves on Valeant’s board of directors. Valeant also announced that Robert Ingram, lead independent director, will serve as interim chairman of the board of directors.

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