Allergan Inc. (AGN) Reiterates Its Belief That Valeant Pharmaceuticals International (VRX)’s Business Model Is Unsustainable
6/16/2014 11:58:13 AM
IRVINE, Calif.--(BUSINESS WIRE)--Allergan, Inc. (NYSE: AGN) (“Allergan” or the “Company”) today reiterated the Company’s concern regarding Valeant Pharmaceuticals International, Inc.’s (“Valeant”) unsustainable business model, which relies on serial acquisitions and cost reductions, as opposed to top-line revenue growth and operational excellence. A number of different third parties have also publicly expressed similar views.
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