January 10, 2017: Valeant Pharmaceuticals announced positive results from a second confirmatory pivotal Phase 3, multicenter double-blind, randomized, vehicle-controlled clinical study to assess the safety and efficacy of IDP-118 (halobetasol propionate and tazarotene) lotion in the treatment of plaque psoriasis.
Within the Phase 3 study of 203 adult subjects with moderate to severe psoriasis, IDP-118 showed statistical significance (p January 9, 2017: Valeant Pharmaceuticals International said to be close to deal to sell Dendreon cancer business to China conglomerate Sanpower for about $750 million according to reports in the mainstream financial press.
January 3, 2017: Valeant Pharmaceuticals has formed a candle over candle reversal as bottom feeders dip their toes into the stock on takeover rumors that are circulating. Valeant Pharmaceuticals trades at a forward P/E of 2.9 in response to their unfavorable practice of buying old drugs and then hiking up the price to insane levels to maximize profit.
Valeant Pharmaceuticals market cap is just over $5 billion, and they’ll probably do about $10 billion in sales for 2016, so that’s a substantial discount for a company looking to takeover Valeant Pharmaceuticals.
The rumor is that Takeda may have resumed M&A talks with Valeant according to a report in the Spanish press. The report suggests that Takeda has secured financing so that it can resume talks. Source: https://intereconomia.com/tendencias/salud/takeda-logra-la-financiacion-negocia-valeant-20161230-1604/
Some believe that this is a fake news story and thus fake rumor being spread about Takeda and Valeant Pharmaceuticals and you can read that opinion here: http://seekingalpha.com/article/4033764-fake-news-valeant-may-drop-tuesday
Valeant Pharmaceuticals Stock Chart
Valeant Pharmaceuticals International, Inc. develops, manufactures, and markets pharmaceuticals, over-the-counter products, and medical devices worldwide.