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Valeant CEO cuts outlook for 'distracted' company, shares dive

Thu, Jun 09, 2016 - 5:50 AM

Valeant Pharmaceuticals International Inc slashed its 2016 forecasts on Tuesday, as its new chief executive said he would focus on rebuilding the reputation of a "distracted organisation" with a debt-loaded balance sheet.

PHOTO: REUTERS

Bengaluru

VALEANT Pharmaceuticals International Inc slashed its 2016 forecasts on Tuesday, as its new chief executive said he would focus on rebuilding the reputation of a "distracted organisation" with a debt-loaded balance sheet.

The maker of toenail fungus cream Jublia and anti-...

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