Valeant CEO Pearson Subpoenaed to Testify at Senate Hearing

Valeant Pharmaceuticals International Inc.’s outgoing chief executive officer, Michael Pearson, was subpoenaed to testify at an April hearing by a Senate committee investigating drug price hikes.
The April 27 hearing will be the third in a series the Senate Special Committee on Aging has held on pharmaceutical companies that the committee says operate more like hedge funds and have increased the price of decades-old drugs, according to a statement.

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