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  • American City Business Journals8 months ago

    Big Pharma wins big in Arizona Supreme Court decision

    The Arizona Supreme Court issued an opinion in favor of drug manufacturers, clarifying how prescription drug makers are expected to warn patients about potential side effects of their drugs. The favorable opinion stems from a 2012 lawsuit against Scottsdale-based Medicis Pharmaceutical Corp., which also that year was acquired by Montreal Valeant Pharmaceutical Corp. for $2.6 billion. Although Valeant laid off more than 300 Medicis employees at the time, it still maintains a Medicis subsidiary in New Jersey.

  • American City Business Journals8 months ago

    Specialty pharmacy firm laying off workers in Phoenix

    In its process of shutting down its operations, Philidor Rx Services LLC is letting go of 264 employees in the Phoenix area. At that time, Valeant issued a press release that it was severing all ties with Philidor. Valeant Chairman and CEO J. Michael Pearson at the time said there were too many allegations about potential fraudulent activities at Philidor.

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