Looking for a reputation rehab, Valeant is eyeing a name change. Any ideas?
Fierce Pharma ------- Valeant might actually take some of Bill Ackman’s advice. The hedge fund investor, who recently bailed out of his longtime Valeant stake, suggested last year that the scandal-ridden company change its name to make a fresh start in the reputation department. According to CEO Joe Papa, that’s exactly what Valeant might do. And we’re taking suggestions. At the company’s annual meeting Tuesday, Papa said, given Valeant’s prominent public beating—for huge price hikes, iffy specialty pharmacy relationships, federal and state probes and Congressional hearings—the company is “looking at alternatives” to its current corporate brand, Bloomberg reported. To learn more click on the picture below to read the article.