Valeant: New Drug Pricing, Same Price Action

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Valeant Pharmaceuticals International has announced that, following the approval of its Patient Access and Pricing Committee (PAPC), it has chose to list brodalumab injection (Siliq) at $3,500 per month, which the company says is the lowest price for an injectable biologic psoriasis treatment now on the market.

Chief executive Joseph Papa said: "Our goal with Siliq is to provide outstanding efficacy while being the most affordable injectable biologic for patients with moderate-to-severe plaque psoriasis". SILIQ is the only product that included the psoriasis area and severity index (PASI 100) during clinical trials as a primary endpoint. The firm's 50-day moving average is $10.73 and its 200 day moving average is $15.45. The stock now has an average rating of "Hold" and an average target price of $24.68.

Currently, the market capitalization of Valeant Pharmaceuticals International, Inc.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, VRX earned gross profit of 5.97 Billion, in 2015 7.86 Billion gross profit, while in 2016 Valeant Pharmaceuticals International, Inc.

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Up in the future.

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The stock grew about 61.43% in the past 5 years, this positive value indicates that the stock constantly performed well in previous years as well. This agreement marks the eighth consecutive year that Cromax, one of the premium brands of Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has been one of the team's partners and suppliers for a MotoGP season.

On 20 April 2017, AXALTA COATING SYSTEMS LTD. (NYSE:AXTA) shares moved to $31.68 after starting the day at $31.27.

Analysts give AXP a mean recommendation of 2.60.

At the movement Nielsen Holdings N.V. (NYSE:NLSN) is under coverage by number of analysts. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. Following the transaction, the director now directly owns 25,190 shares of the company's stock, valued at $272,052.