Valeant Hit As CVS, Express Scripts Dump Philidor

By | October 29, 2015

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CVS Health (CVS) and Express Scripts (ESRX), the nation’s two largest pharmacy benefit managers, axed the Valeant Pharmaceuticals (VRX)-linked Philidor Rx Services from their networks. Valeant shares plunged 12.2% to 97.94 in after-hours trading on the stock market today. The drugmaker has been hit by questions about its drug-pricing methods as well as its accounting and business practices. Its stock has plunged 63% since hitting an all-time Scalper1 News

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