Valeant Pharma (VRX) Sees Solid Upside
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Trump presidency could prove a salve for pharma merger deals
November 11, 2016 1:03 AM ESTBy Carl O'Donnell
NEW YORK (Reuters) - Biotechnology companies, whose U.S. shares soared Wednesday after Republican Donald Trump's presidential election, may soon see another benefit: an uptick in biotech M&A.
A potential influx of foreign cash and improved stock valuations under the Trump administration would likely boost dealmaking in the industry, which has been anemic ever since political rhetoric against high drug prices picked up late last year, industry analysts and investment bankers said.
That could mean renewed interest in some prime targets of takeover speculation, from cancer drug specialists like Tesaro Inc... More
Valeant may seek to clean up its name by changing it: Ackman
November 10, 2016 7:14 PM ESTBy Carl O'Donnell and Svea Herbst-Bayliss
NEW YORK (Reuters) - Valeant Pharmaceuticals International Plc (NYSE: VRX), the drugmaker that became a poster child for high drug prices during the U.S. election season, may change its name to help boost its reputation, board member and top investor William Ackman told CNBC on Wednesday.
A name change would be the latest effort by the company to break from its past, after hiring a new chief executive, overhauling the board and exploring billions of dollars in asset sales to pay down a $30 billion... More
