Valeant Pharmaceuticals International Inc (VRX) Raising Discounts On Heart Drugs Nitropress And Isuprel For Hospitals
Valeant Pharmaceuticals International Inc. said on Monday it would raise the discounts to hospitals on its heart drugs Nitropress and Isuprel to as much as 40 percent off list prices after shareholder William Ackman pledged to revisit controversial price increases on the treatments.
Valeant has been criticized by doctors and is being investigated by the U.S. Senate after having raised the price of Isuprel by about 720 percent and Nitropress by 310 percent after it bought the drugs from Marathon Pharmaceuticals in 2015.