Philidor, an internet pharmacy that has been embroiled in an argument involving Valeant pharmaceuticals Inc. VRX, +7.15% will stop operations, the company stated late Monday. In a remark, Philidor stated that Valeant’s choice to end its relationship with the pharmacy had pressured its hand. “We stay steadfast that Philidor has adhered now not best to all appropriate laws however to the best standards of moral trade practice,” the company’s observation read. Valeant’s relationship with Philidor has been called into question with the aid of journalists and investors up to now weeks, leading the 2 biggest pharmacy-advantages managers to end business with the pharmacy and eventually a minimize-off from Valeant. Valeant shares fell more than forty seven% the remaining two weeks; on Monday, shares rebounded with a 7.2% achieve.
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