The Flip Side: What Valeant Pharmaceuticals International Gets Right About R&D

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This morning, hoping to call into question its would-be acquirer, Valeant, Allergan issued a press release quoting the global head of M&A at Morgan Stanley, a blogging Australian hedge fund manager, and me. It was not the beginning of a joke where we all walk into a bar. Tomorrow, Valeant is hosting a conference call to try to rebut what it says are misleading questions about its business model made by Allergan and others.

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