BUZZ-Valeant Pharmaceuticals International Inc: Lays out financial vision

Wed Dec 16, 2015 7:44am EST
 
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** Heavily scrutinized Canadian drugmaker's U.S.-listed shares up about 3 pct at $112.75

** Valeant cuts its revenue and profit forecasts for 2015, but says it still expects double-digit percentage sales growth through higher volumes in 2016

** The company, which plans to cut its debt by $2.25 bln, will update investors later on Wednesday on how it plans to sustain sales and profit growth

** Valeant said on Tuesday it had signed a distribution deal with leading pharmacy chain Walgreens Boots Alliance Inc , offering discounts on its products

** Up to Tuesday's close, Valeant stock had fallen 23 pct this year