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No. of Recommendations: 3
it is that it doesn't make sense for a pharmacy to accept high Valeant prices for generic drugs that can be bought for less by other generic drugmakers

But this is surely a small part of the whole story.

Yes, growth will be reduced as they said just yesterday, but debt is being reduced, B+L continues to do well and will do even better going forward, the non-generics are growing overall and will continue to be broken out, Salix could be huge for them, etc.

WBA will drive volumes which will result in higher profits going fwd than their price-hike model, and is much more sustainable [again, 2016 has been revised down due to winding down Philidor, etc]

I don't understand why the bears* on VRX pretend customers don't often like paying up for branded generics.


Haven't you ever bought Tylenol?


not betting on $150 in the near future,

Naj













* And the vague hand-wavery like 'cheating.' There is no quote-unquote cheating - either they broke the law, or they didn't. Using a third-party to help patients get their drugs faster & have their insurers pay some/most/all -- even if it's high! -- is not illegal.

If they committed insurance fraud, now that's another story entirely. But if I were a bear, I'd have a definite view** on whether this happened or not rather than vague negative puffery about VRX outwitting megalith Insurers who turn down valid claims by the thousands, daily.

The pharma industry is full of hundred-million dollar settlements with the Feds - Bristol just got tagged for what, $250m? They've had fines of $650m and $515m in the past.


** If you did mean 'fraud' by 'cheating' than I agree with your point, but your language is still vague. If you think they have been systematically committing fraud a la Enron, feel free to say it.
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