Valeant meltdown costs investors billions; Ackman ups stake

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Valeant Pharma (VRX) Taps Lows Below $90/Share

October 21, 2015 1:24 PM EDT

Valeant Pharma (NYSE: VRX) declined 38% to session lows at around 1:20 pm on Tuesday, briefly traded under $90 per share. The massive slide follows Citron Research's fraud report earlier. So far the company hasn't responded, which might be viewed as a negative by some investors.

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