Report
Michael Waterhouse
EUR 101.80 For Business Accounts Only

Valeant Struggles With Generic Competition and Debt Woes Despite New Products and Asset Sales

Although Valeant reported fourth-quarter results close to our expectations, management’s 2017 outlook when adjusting for recent divestitures of the Dendreon and skin care brands comes up short of our forecast. Valeant looks far from reaching an inflection point in its turnaround as the business will continue to shrink in 2017 largely from generic competition on a number of products combined with some currency headwind. While we remain skeptical of the market opportunity for Xifaxan and upcoming ...
Underlying
Bausch Health Companies

Valeant Pharmaceuticals International is a pharmaceutical and medical device company that develops, manufactures, and markets a range of branded, generic and branded generic pharmaceuticals, over-the-counter (OTC) products, and medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment, and aesthetics devices). Co. has two operating and reportable segments: Developed Markets, which focuses in dermatology, neurology, gastrointestinal disorders, and eye health therapeutic; and Emerging Markets, which focuses primarily on branded generics, OTC products, and medical devices.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Waterhouse

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