The embattled Canadian drug maker — which has been hit with stinging criticism from politicians for its big price hikes, and is subject to a related Congressional investigation — is now the target of a probe by the Securities Exchange Commission (SEC).
Valeant announced on Monday that it is being investigated for its links to drug distribution company, Philidor Rx Services. Sources also told the Wall Street Journal that the company may be facing scrutiny for improper financial bookkeeping.
Valeant announced in October that it was cutting ties with Philidor after reports that the distributor had changed doctors' orders to overbill insurers.
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