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Valeant cutting ties with Philidor

Valeant cutting ties with Philidor, Philidor to shut down

Valeant cutting ties with Philidor

NEW YORK (AP) -- Valeant Pharmaceuticals is cutting ties with Philidor following accusations that it was a "phantom pharmacy" used solely to artificially boost sales.

Valeant said Friday that Philidor has informed the company that it will shut down.

The development comes on the heels of CVS Health and Express Scripts cutting ties with Philidor, citing questions over the mail-order pharmacy's business practices.

Updated : 2021-09-20 08:23 GMT+08:00