• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
HealthValeant

Valeant Has Been Subpoenaed Over Its Pharmacy Activities

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
November 10, 2016, 5:22 AM ET
Valeant Pharmaceuticals International Inc's new chief executive Joseph Papa answers questions from shareholders during their annual general meeting in Laval
Valeant Pharmaceuticals International Inc's new chief executive Joseph Papa answers questions from shareholders during their annual general meeting in Laval, Quebec June 14, 2016. REUTERS/Christinne Muschi - RTX2G6ZXPhotograph by Christinne Muschi — Reuters

Canadian drugmaker Valeant Pharmaceuticals International said on Wednesday it received an investigative subpoena from the California Department of Insurance in September over its ties to pharmacies and marketing.

The request follows allegations against Valeant that it used speciality pharmacy Philidor Rx Services to force customers to pay higher prices for its drugs.

The subpoena seeks materials including documents concerning Valeant’s former relationship with Philidor, now defunct, and certain California-based pharmacies, the marketing and distribution of its products in California, the company said in a filing.

Valeant (VRX), which owns eye care products maker Bausch & Lomb, used Philidor to overcome insurer reimbursement rejections of its medications, with Philidor resubmitting claims to insurers until they were approved, according to numerous media reports late last year. It has since severed ties with the pharmacy company.

The company said it was cooperating with the investigation.

About the Author
By Reuters
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.