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UPDATE: Piper Jaffray Downgrades Valeant Pharmaceuticals (VRX) to Underweight

Go back to UPDATE: Piper Jaffray Downgrades Valeant Pharmaceuticals (VRX) to Underweight

/C O R R E C T I O N -- Valeant Pharmaceuticals International, Inc./

March 15, 2016 10:21 AM EDT

In the news release, Valeant Pharmaceuticals Reports Preliminary Unaudited Fourth Quarter 2015 Financial Information, issued 15-Mar-2016 by Valeant Pharmaceuticals International, Inc. over PR Newswire, we are advised by the Company that under the "Next Four Quarters (Second Quarter 2016 - First Quarter 2017) Guidance" section, the third bullet should read "Adjusted EBITDA (non-GAAP) expected to be ~$6.0 billion" rather than "Adjusted EBITDA (non-GAAP) expected to be ~$6.2 - $6.6 billion" as originally issued inadvertently. The complete, corrected release follows:

Valeant Pharmaceuticals Reports Preliminary Unaudited Fourth Quarter 2015 Financial Information

Company Provides New 2016 Guidance

LAVAL, Quebec, March 15, 2016 /PRNewswire/ -- Valeant... More