Paulson Times Appointment to Valeant's Board Perfectly [The Motley Fool]
VALEANT PHARMACEUTICALS (VRX)
Last valeant pharmaceuticals earnings: 2/28 07:00 am
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US:NYSE Investor Relations:
ir.valeant.com
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Source: The Motley Fool
John Paulson joined Valeant Pharmaceuticals board this week just as news reports broke suggesting drug price reforms coming out of Washington, D.C. will be friendlier than feared. Valeant Pharmaceuticals ( NYSE:VRX ) shares soared this week after hedge-fund manager John Paulson joined its board , and reports emerged out of Washington, D.C. suggesting that President Donald Trump may embrace industry-friendly drug price reforms. A helping hand Paulson is no stranger to Valeant Pharmaceuticals. In fact, he became the company's biggest shareholder after fellow hedge fund manager Bill Ackman threw in the towel on Valeant Pharmaceuticals earlier this year. Image source: Getty Images. As of March 31, Paulson's fund -- Paulson & Company -- owned a whopping 19.4 million Valeant Pharmaceuticals shares worth about $265 million. He began buying those shares when they were trading around $130, so Paulson has lost a lot of money on this bet so far. Apparently, he th
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