Valeant sets out price hikes for neuro, GI and urology portfolio

15 October 2016

Canada’s Valeant Pharmaceuticals International (TSX: VRX) on Friday announced that the company's Patient Access and Pricing Committee has made decisions regarding price changes of products in the company's neurology, gastrointestinal (GI) and urology portfolios.

In recent months, the company has been taken to task for its excessively high pricing policy by US lawmakers and both presidential nominees, and has had a change of leadership, with the new chief executive trying to repair its damaged image.

These planned wholesale acquisition price changes, effective October 14, range from 2.0% to 9.0%. The changes are aligned with the Committee's commitment that the average annual price increase for Valeant's prescription pharmaceutical products will be set at no greater than single digits and below the 5-year weighted average of the increases within the branded biopharmaceutical industry.

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