Citron's Andrew Left denies he made $150 million short Valeant (VRX)
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Valeant Pharma (VRX) Adds to Gains
November 3, 2015 8:14 AM ESTBeaten down Valeant Pharma (NYSE: VRX) is adding to yesterday's gains in pre-open trade. Shares are up 5.8% to $106.28 after rising 7.15% yesterday. Shares have been under extreme pressure as short sellers point to fraud at the company and regulators point to 'price... More
Bill Ackman's Pershing Square Down 19% YTD (VRX)
November 2, 2015 9:27 PM ESTBill Ackman's Pershing Square Holdings, Ltd. released its regular monthly Net Asset Value (NAV) and Performance Report for the month of October 2015. Data showed the fund was down 7.3% during the month and is now down 19% on the year.
Much of the weakness is tied to the hedge fund's oversized... More
Valeant Pharma (VRX) Issues Dear Doctor Letter; Philidor Issues Release - Evercore ISI
November 2, 2015 9:04 PM ESTEvercore ISI analyst Umer Raffat noted two new developments in the Valeant Pharma (NYSE: VRX) saga. First the company sent a dear doctor letter to dermatologists and separately, Philidor issued a press release.
Raffat highlighted the following from the letter:
For... MoreDead Cat Bounce, Or is a Sustainable Relief Rally in Store for Valeant (VRX)?
November 2, 2015 3:17 PM ESTCitron Research founder Andrew Left's decision to step back from publishing incremental negative research on Valeant (NYSE: VRX) does absolutely nothing to change the fact that there are things we simply don't know about the company's financials, however it does temporarily remove the threat of death by 1000 tweets. This could open the door for analysts who had been supportive of the company... More
Citron's Andrew Left said he is not done with Valeant (VRX) story; Will pass info to main stream media
November 2, 2015 12:28 PM ESTCitron's Andrew Left said he is not done with Valeant (NYSE: VRX) story. Will pass info to main stream media.
... More