Florida Politics - Campaigns & Elections. Lobbying & Government.

Ana CeballosNovember 7, 2017

The state will file a federal lawsuit against Valeant Pharmaceuticals International over the $62 million it lost when it purchased company shares while Valeant allegedly ran a scheme that shielded it from competition and aggressively increased drug prices. The Cabinet voted to pursue direct action against the drug company on Tuesday. The State Board of Administration […]

Ana CeballosNovember 1, 2017

The state will again consider whether it should pursue action against Valeant Pharmaceuticals International, a drug company accused of running a scheme that shielded it from competition and artificially boosted drug prices and sales. The matter was discussed Wednesday at a Cabinet aides meeting before Gov. Rick Scott and the Florida Cabinet meet next Tuesday. According […]

Lloyd DunkelbergerOctober 18, 2017

In a rare move, Florida is considering taking on a large pharmaceutical company, alleging the state’s pension fund lost some $127 million in stock value because of federal security violations by the company. The State Board of Administration, which includes Gov. Rick Scott and two Cabinet members, will decide next month whether to hire a […]

Tag: Valeant Pharmaceuticals International

State will file federal suit against Valeant Pharmaceuticals

State may sue drug company over money lost in trading

State targets pharmaceutical company in stock case