Valeant Pharmaceuticals gets cease-trading order
A cease-trade order has been issued to the directors and key officers of Canada-based Valeant Pharmaceuticals International (TSX: VRX) after the company failed to file its annual financial statements on time, it has emerged.
Valeant said it requested the temporary order pending its filing of audited financial statements for 2015.
A spokesperson said: “As previously announced, Valeant asked the Autorité Des Marches Financiers (AMF), the company’s principal regulator in Canada, for a management cease-trade order pending filing of the audited annual financial statements for the year ended December 2015, the related management’s discussion and analysis, certificates of its CEO and CFO and its 2015 Form 10-K.
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