Valeant (VRX)'s Many Acquisitions Led to Manufacturing Issues, Says the FDA
11/9/2016 7:14:00 AM
As if Joe Papa doesn’t have enough problems.
The Valeant Pharmaceuticals chief executive is grappling with numerous government probes into the company’s accounting and pricing practices; its business strategy is in turmoil; assets are being sold to ward off bondholders and its stock is tanking, again.
Now, the US Food and Drug Administration has sent a warning letter that notes the company is having manufacturing problems that reflect an inability to integrate some of the products that have been scooped up as a result of its many acquisitions.
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