Valeant Considers Name Change to Escape Rep

Source: Bloomberg

May 04, 2017

After a rough two years on its reputation, Valeant is considering a name change, said CEO Joe Papa.

In Valeant's annual meeting in Quebec, Papa cited the company's recent bad publicity as a main reason for a possible new name.

Valeant has been plagued with fraud charges, federal probes, pricing scrutiny and debt, all of which have not helped the company's reputation.

During the same annual meeting, Papa said the goal was to get the company’s $30 billion in debt down to $15 billion to $20 billion.

Read the Bloomberg article