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Actionable news in VRX: VALEANT PHARMACEUTICALS INTERNATIONAL,

Valeant subpoenaed by U.S. prosecutors over drug pricing concerns

The company logo of Valeant Pharmaceuticals International Inc is seen at its headquarters in Laval, Quebec May 19, 2015.

Canadian drugmaker Valeant Pharmaceuticals International Inc said it was subpoenaed by U.S. prosecutors seeking information on its pricing decisions, drug distribution and patient assistance programs.

Valeant, under fire for steeply raising its drug prices, said it recently received the subpoenas from the U.S. Attorney's Office for the District of Massachusetts and the U.S. Attorney's Office for the Southern District of New York.

Valeant is reviewing the subpoenas and intends to cooperate with the...


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