BUZZ-Valeant Pharmaceuticals: Shares continue slide

Mon Feb 22, 2016 2:22pm EST
 
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** Embattled Canadian drugmaker's U.S.-listed shares down 11.4 pct at $75.25; Toronto-traded stock down nearly 13 pct at C$102

** U.S. shares fall as much as 13 pct to $74.13, lowest in 3 months

** Shares extending losses from Friday, when Wells Fargo analysts started covering stock with "underperform" rating

** Valeant's interim CEO Howard Schiller used company's jet three times in past month with his family and friends to a small regional airport in Montrose, Colorado near his Telluride ski-house, Southern Investigative Reporting Foundation reported on Monday (bit.ly/1oY1ls4)

** Over 3.2 mln U.S. shares traded by 1:54 p.m. ET; nearly 3.5 times their 25-day moving average volume

** Up to Friday's close, U.S. stock had fallen nearly 16 pct this year