BUZZ-Valeant Pharma rises for 2nd day on staff incentive plan

Thu Nov 19, 2015 12:19pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Canadian drugmaker's U.S.-listed shares up 8 pct at $78.28; Toronto-listed shares up 7 pct at C$103.85

** Stock surges for second day after company said on Wednesday that it would likely offer cash and stock incentives to more key U.S. staff as the heavily scrutinized company aims to avoid mass departures

** "Through this turmoil, we definitely don't want to see an exodus," says Laurie Little, head of investor relations

** Up to Wednesday's close, stock had halved in value since Oct. 21, when short-seller Citron Research accused company of fraud