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Valeant Finishes Accounting and Philidor Review With No More Problems

Valeant Pharmaceuticals International Inc. on Tuesday said its internal review of how it accounted for revenue through mail-order pharmacy Philidor RX Services LLC is complete and that it didn't find any additional problems requiring restatement.

Shares jumped 13% premarket to $29.48.

The Canadian drug company plans to include the restated financials in its 10-K, which the firm reiterated is on schedule to file by April 29, though it has asked lenders for more time to avoid triggering a potential default.

“After conducting more than 70 interviews and reviewing over 1 million documents, the…committee has not identified any additional items requiring restatements beyond those...


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