Valeant selects trio to fill in for ailing CEO; shares dive

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Valeant Pharmaceuticals (VRX) Bounces Day After Sharp Drop on CEO Medical Leave

December 29, 2015 9:13 AM EST

After dropping 10.5% Monday on news the CEO has been hospitalized with severe pneumonia and has taken an medical leave, Valeant Pharmaceuticals (NYSE: VRX) is up 1.3% this morning as investors bet on a positive outcome and see yesterday's selling as an overreaction.

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