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Valeant shares tumble 20 percent, retrace ground to 2013 levels

Valeant Pharmaceuticals International Inc (VRX.TO)(VRX.N) shares fell as much as 20 percent on Thursday, building on weeks of steep losses over concerns about its ties to specialty pharmacy Philidor Rx Services, which is accused of improperly boosting sales of Valeant drugs. Valeant’s U.S.-traded shares hit their lowest since May 2013, falling as low as $73.37. The Wall Street Journal published a story on Thursday detailing the thinking of one of Valeant’s biggest investors, Bill Ackman, who runs Pershing Square Capital Management.
Source: Yahoo Finance

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