Valeant Pharmaceuticals Accused of Fraud in T. Rowe Lawsuit


T. Rowe Price Group Inc. sued Valeant Pharmaceuticals International Inc. alleging top executives used a secret network of pharmacies, deceptive pricing, reimbursement practices and accounting tricks to hide its branded drugs from generic competition and artificially inflate revenue and profit. The Laval, Quebec-based company has suffered multiple controversies in recent months related to its business practices, accounting and drug pricing.



from Biotech News