Valeant asks CEO Pearson to cooperate with U.S. Senate committee

Mon Apr 11, 2016 8:48am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

April 11 (Reuters) - Valeant Pharmaceuticals International Inc said on Monday it had asked outgoing Chief Executive Michael Pearson to cooperate with the U.S. Senate Committee on Aging after he failed to show up at a hearing on Friday.

The committee has said it may start contempt proceedings against Pearson after he did not respond to a subpoena to appear for a deposition related to an investigation into drug pricing.

"The board understands that Mr. Pearson is in dialogue with the Senate Committee on Aging regarding his deposition and that those discussions are ongoing," Valeant said.

Pearson is due to step down as Valeant's CEO as soon as a replacement is found. (Reporting by Ankur Banerjee in Bengaluru; Editing by Ted Kerr)