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VRX

Valeant

$23.68

-0.91 (-3.70%)

16:21
10/06/16
10/06
16:21
10/06/16
16:21

Valeant appoints Louis W. Yu as Chief Quality Officer

Valeant has appointed Louis W. Yu, Ph.D. to the newly created position of Chief Quality Officer, Global Quality. Yu will report to CEO Joseph C. Papa and oversee all aspects of quality and regulatory compliance for all of Valeant's global businesses and operating sites. Yu was Executive Vice President, Global Quality & Compliance at The Perrigo Company from November 2006 to January 2016.

  • 16

    Nov

VRX Valeant
$23.68

-0.91 (-3.70%)

09/19/16
WELS
09/19/16
NO CHANGE
WELS
Price increases could be negative sign, says Wells Fargo
After Valeant increased the list prices of three of its products with combined sales of $1.2M last year, Wells Fargo says further price increases could be forthcoming, and the price increases could indicate that the company feels it needs to raise prices to meet its 2H16 guidance. Noting that the company raised the list price on each of the products by 9.9%, Wells believes that the company could have raised prices by that amount instead of 10% to "stay under the radar of managed care plans and states" looking to prevent double digit price increases. Wells keeps an Underperform rating on the stock.
09/20/16
DBAB
09/20/16
INITIATION
Target $30
DBAB
Hold
Valeant reinstated with a Hold at Deutsche Bank
Deutsche Bank analyst Gregg Gilbert reinstated coverage of Valeant Pharmaceuticals with a Hold rating and $30 price target. Potential fines from the numerous investigations into the company are difficult to predict, Gilbert tells investors in a research note. The analyst assumes revenue for Valeant's dermatology business will begin to rebound in the second half of 2016 and into 2017. Before restricting coverage on the name, Deutsche had a Hold rating on the shares.
09/23/16
WELS
09/23/16
NO CHANGE
WELS
Underperform
Wells thinks Valeant's $1B acquisition in 2015 could be worth $50M or less
Wells Fargo analyst David Maris believes Valeant Pharmaceuticals will take a large impairment charge on the carrying value of Sprout, perhaps as much as 90% of its value. Sprout won approval in 2015 for Addyi, the first pill to aid a woman's sex drive. Valeant bought Sprout for $1B in August 2015, and in December 2015 forecasted sales of $100M-$150M, Maris points out. With sales in July, according to IMS, reaching only $696,235, Maris thinks Addyi "has no chance" of reaching $100M in 2016 and "might not even reach" $10M. He believes Sprout may be worth $50M or less. Without an add-back to adjusted earnings going forward, the [potential write-off would have a 14c per share impact to annual adjusted earnings in 2017 and beyond, Maris tells investors in a research note. Further, he believes Valeant could have other assets with this same problem, compounding the company's divestiture plans. Maris keeps an Underperform rating on Valeant with a $17-$22 price target range. The drugmaker closed yesterday down 12c to $26.85.
10/03/16
WELS
10/03/16
NO CHANGE
WELS
Underperform
Valeant legal woes may present bigger risk than realized, says Wells Fargo
Wells Fargo analyst David Maris said in a new note to investors that he continues to think investors are underestimating the potential downside posed by Valeant's legal troubles, whose stakes "might not be in the tens of millions, but much larger." Maris, who has kept an Underperform rating on Valeant Pharmaceuticals (VRX) since starting coverage of the stock in February, notes that the company has not taken any reserves for Allergan (AGN) or Philidor-related litigation.

TODAY'S FREE FLY STORIES

PCLN

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ROYT

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PCLN

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PCLN

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0.39 (0.02%)

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VTVT

vTv Therapeutics

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0.45 (7.91%)

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AAC

AAC Holdings

$7.59

0.01 (0.13%)

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CSX

CSX

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0.23 (0.47%)

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AWK

American Water

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AAC

AAC Holdings

$7.59

0.01 (0.13%)

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MORN

Morningstar

$81.62

-0.1 (-0.12%)

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NOC

Northrop Grumman

$248.60

3.55 (1.45%)

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AAC

AAC Holdings

$7.59

0.01 (0.13%)

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  • 28

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MS

Morgan Stanley

$45.84

0.31 (0.68%)

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MS

Morgan Stanley

$45.84

0.31 (0.68%)

, BK

BNY Mellon

$47.11

0.02 (0.04%)

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MS

Morgan Stanley

$45.84

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BK

BNY Mellon

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0.02 (0.04%)

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OLN

Olin Corp.

$30.90

0.1 (0.32%)

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WHLR

Wheeler REIT

$1.83

0.06 (3.39%)

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AHT

Ashford Hospitality

$6.80

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AHT

Ashford Hospitality

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FCH

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AINC

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AHT

Ashford Hospitality

$6.80

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, FCH

Felcor Lodging

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AHT

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FCH

Felcor Lodging

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AINC

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WHLR

Wheeler REIT

$1.83

0.06 (3.39%)

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  • 28

    Feb

VTVT

vTv Therapeutics

$6.14

0.45 (7.91%)

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DKL

Delek Logistics

$31.20

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  • 28

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DKL

Delek Logistics

$31.20

0.65 (2.13%)

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  • 28

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DK

Delek US

$22.98

-0.21 (-0.91%)

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KRA

Kraton Performance

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0.68 (2.54%)

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