Healthcare: Is Valeant Pharmaceuticals the Turnaround Story of the Century?
This week, Valeant Pharmaceuticals (NYSE: VRX) reported its earnings, and the market rewarded it with a 17% stock price bump. While the company's shares are still down 95% from their 2016 highs, some investors are wondering if Valeant is actually starting to turn things around -- and if now might be a good time to buy in.
In this week's episode of Industry Focus: Healthcare, analysts Kristine Harjes and Todd Campbell go over the report to explain where the company is doing well, where it's still struggling, and what the long-term future could hold for it. They also discuss another company that just reported earnings -- Keryx Biopharmaceuticals (NASDAQ: KERX), shares of which fell 17% even though it just won FDA approval to sell a drug into a huge new indication. Find out why the market shrank away from the company, and why today's huge drop may have been an overreaction.
A full transcript follows the video.
Source: Fool.com
