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New name, same Valeant

8 May 2018 By Robert Cyran

The drugmaker that fell from grace in 2015 says it has turned over a new leaf. It’s renaming itself, touting a return to organic growth and reducing borrowing. Behind the gloss and a raft of footnotes, though, is $25 bln of net debt atop a $7 bln firm with declining prospects.

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