Allergan says it stands by statements on Valeant

Tue Oct 21, 2014 10:45am EDT
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BOSTON Oct 21 (Reuters) - Allergan Inc said on Tuesday that it believes there is no evidence to support Valeant Pharmaceuticals and hedge fund Pershing Square Capital Management's claims that its chief executive officer spearheaded a campaign to spread misinformation about Valeant.

"Allergan stands by its statements regarding the unsustainability of Valeant's business, and we welcome the opportunity for a full hearing on Valeant's business model at the appropriate time," the company said in a statement.

(Reporting by Svea Herbst-Bayliss, Editing by Franklin Paul)