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Horizon Pharmaceutical (HZNP) Stock Tumbles on Use of Specialty Pharmacies

NEW YORK (TheStreet) -- Horizon Pharmaceutical (HZNP - Get Report) stock is down by 4.10% to $14.64 in midday trading on Wednesday, as it and Valeant Pharmaceuticals (VRX) are scrutinized for their use of specialty pharmacies.

Pharmaceutical companies such as Horizon and Valeant have developed a way to heavily overcharge patients for combinations of generic drugs that would cost much less when sold separately, the New York Times reported on Monday.

In a method termed "Prescriptions Made Easy," the manufacturers work around insurers' and pharmacists' generic drug recommendations by asking doctors to submit prescriptions directly to a mail-order pharmacy connected to the drug maker, according to the Times.

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