Canonical · Fraud & Short Cases · Report
Valeant: The Pharmaceutical Enron?
Andrew Left / Citron Research · 2015
"Valeant used a specialty pharmacy (Philidor) to fabricate sales, echoing Enron-style channel stuffing."
In 2015, Citron Research published a report comparing Valeant Pharmaceuticals to Enron, triggering a massive collapse in the stock. Valeant had been using a secret network of captive pharmacies to artificially inflate drug prices and force insurance payouts.
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