Clinton targets Valeant price hikes in campaign appearance

Thu Jan 28, 2016 4:29pm EST
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Jan 28 (Reuters) - Shares of Valeant Pharmaceuticals International Inc fell on Thursday after the campaign of Democratic presidential contender Hillary Clinton posted a blog from an Iowa event detailing exorbitant price hikes for a migraine drug made by the company.

At an Iowa town hall over the weekend, Clinton read from a letter saying that the list price for 10 vials of migraine drug D.H.E. 45 had increased to more than $14,000 in December, compared with just over $3,000 in June of 2014.

"This is predatory pricing. It is unjustified. It is wrong," Clinton said, according to the post.

Officials at Valeant did not immediately respond to requests for comment.

Shares of Valeant fell nearly 9 percent to close at $86.12 on the New York Stock Exchange.

(Reporting By Deena Beasley; Editing by Tom Brown)