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1 month ago

Valeant Sells $2B in Assets to Begin Paying Down Debt



Valeant will sell just over $2 billion in assets as it pays down debts after a year and a half of bruising backlash against some of its drug prices and government probes into the way it does business.

Shares of the Canadian pharmaceutical company, down 80 percent in the past year, jumped 12 percent before the opening bell.

The company said Tuesday that it would sell three skincare brands to L'Or?al for $1.3 billion. The three product lines, CeraVe, AcneFree and AMBI, generate about $168 million in annual revenue.

The announced sale comes a day after Valeant said it would sell Dendreon Pharmaceuticals Inc. to China's Sanpower Group Co. for about $820 million.

Valeant has been attempting to right itself since shares soared to an all-time high of around $264 per share on Aug. 6, 2015.

A week later, Congress was asking the company to justify aggressive price hikes for critical heart drugs. By the fall, it has been served with a federal subpoena after it was revealed that the company had raised prices on dozens of drugs by an average of 66 percent in that year alone.

The company's stock went into freefall. They hit rock bottom in December when a share of Valeant Pharmaceuticals International Inc. could be had for $13 after former executives were charged with running a fraud-and-kickback scheme that bilked the company out of millions.

The company said in November that sales growth, which had reached more than 35 percent in the third quarter of 2015, was negative 11 percent in the same quarter last year. Losses soared to $1.2 billion, the fourth consecutive quarter of losses, and its healthcare advertising jobs registrations largest loss by far.

Valeant remains the target of multiple government probes, as well as shareholder lawsuits.

Shares rose $1.84 to $17.19 in premarket trading, almost a two-month high.

2 months ago

Judge OKs early testimony by scared witnesses in Durst case

Judge OKs early testimony by scared witnesses in Durst case

Los Angeles (AFP) - A judge has agreed to allow two witnesses to be questioned ahead of the murder trial of Robert Durst, accepting prosecutors' claims that the pair fear the real estate tycoon might have them killed.

Los Angeles Superior Court judge Mark Windham said the two witnesses would be questioned on February 14 and their taped testimony could be used at a later hearing to determine whether there is enough evidence for Durst to stand trial.

Of the two witnesses, only one -- Albert Kuperman -- has been identified.

Windham ordered prosecutors to submit to Durst's defense team the identity of the second witness by the end of the month so they could prepare for questioning.

The 73-year-old Durst, who appeared at Friday's hearing in a wheelchair and whose bizarre life was the focus of an HBO series, stands accused of the December 2000 execution-style killing of longtime friend Susan Berman.

Berman was killed just as she was set to be questioned by authorities on the disappearance of Durst's first wife, Kathleen Durst, who vanished in 1982 from the couple's New York cottage.

Kuperman, a doctor who is in his mid-80s, is believed to have spoken with Kathleen Durst around the time she disappeared.

Prosecutors had appealed to the judge to expedite the questioning of Kuperman and the other witness on grounds they feared they "might be killed" ahead of the preliminary hearing on whether Durst should stand trial.

They noted that Durst "is a menace to society" and had a history of violence, including the 2001 death of a neighbor in Texas who was found dismembered.

At the time, Durst was living under an assumed name in Texas and pretended to be a mute woman, prosecutors said. He claimed self-defense and was acquitted after a high-profile trial.

- 'Client not a threat' -

Responding to the filings by prosecutors in Los Angeles, Durst's defense team argued that there was no evidence he could harm anyone. They told the judge that their client same day dentures Union had health problems and his calls in prison were monitored.

Prosecutors told the judge that the taped testimony of the two witnesses would only be used should one of them die or disappear before the case comes to trial.

Durst was arrested in March 2015 in a New Orleans hotel room hours before the final episode of the six-part HBO documentary "The Jinx: The life and Deaths of Robert Durst," which delved into the disappearance of his wife as well as the killing of Berman and the Texas neighbor.

In the documentary's explosive finale, Durst is heard muttering to himself, "What the hell did I do? Killed them all, of course," apparently unaware that a wireless microphone remained switched on while he used the bathroom.

"There is it, you're caught," he said at another point. "What a disaster."

He was sentenced to seven years in prison on a weapons charge following his arrest in New Orleans and, as part of a plea deal, was transferred to Los Angeles in November from a prison in Louisiana.



The real estate scion, who is worth an estimated $100 million, has pleaded not guilty to the murder of Berman.

2 months ago

Th Effects Of Aging On Teeth

A number of toothpastes have started advertising that their products will prevent aging in teeth and restore a person's teeth to their appearance when the person was younger. While these things sounds great, the aging process affects the teeth in ways that are frequently irreversible and have little to do with cosmetic appearance.

First of all, tooth loss is not part of the normal aging process. While tooth loss is not part of the aging process, it is more prevalent in older adults than it is in younger individuals. This is because of changes in the soft tissues of the mouth, a less effective immune system, increased systemic diseases, and a person's decreased ability to perform adequate oral hygiene and self dental care. This decreased ability can be due to any number of causes. Some common causes include strokes, arthritis, Parkinson's disease, dementia, or even Alzheimer's. Another cause of tooth loss in older adults has absolutely nothing to do with a person's abilities but has everything to do with the number of prescription and over-the-counter medicines that a person may be taking. These medications commonly cause dry mouth which can contribute to dental problems.

In general, with age, teeth become less white and more brittle. They lose some of their luster and are just less perfect than when the teeth were 20 years old. These things cannot be prevented but the general level of staining can be reduced if a person avoids tobacco, coffee, and tea. Like finger nails that thicken and yellow with age, teeth are the same way. In teeth, the underlying dentin can darken and even yellow because it is thickening. The enamel on a person's teeth is somewhat transparent and so this shows through.

Another side effect of aging is that the teeth can be become brittle. When the teeth are brittle, they are susceptible to cracks, fractures, and shearing. With time, the enamel on the teeth is subjected to wear due to chewing, grinding, and acidic foods.

The biggest cause of tooth loss in older adults has to do with the decline in the fiber content and blood vessels of the gum tissues. Gum disease is not a disease confined to old people but rather is a cumulative disease. So while the results of the disease are seen more frequently in older people, it is not a disease that is more common among the elderly. The cumulative effects of the disease just catch up with them at that point.



By: Joseph Devine

Article Directory: http://www.articledashboard.com

The Chicago family dentists of Advanced Family Dental Associates are dedicated to caring for the teeth of their patients and ensuring dental health at all ages.

8 months ago

Keep Cavities Away With These Dental Care Tips

Some people don't give their teeth a lot of attention. That isn't the best time to start thinking about it. People tend to notice your teeth first when they see you. Keep reading to learn some ways that you can take care of your teeth and have a beautiful, white smile.

Call any dentist you are considering and request a price list. If you are uninsured, you might consider having dental work done at a dental school by students, who are in training to become dentists. Do not neglect regular dental hygiene and visit your dentist once every six months.

There are special dental cleaners that are excellent for helping to keep your teeth extra healthy. You should be able to find these

1 year ago

Simple Tips To Help You Get Better Looking Skin

Healthy-looking skin is not out of your reach. You must become knowledgeable about caring for skin care before you try to repair your own skin. If you read this article you will find out how to take care of your skin the right way.

Exfoliating is a very efficient way to get a healthy skin. By exfoliating your skin, you get rid of the dead skin cells on the surface so fresh new ones from underneath can rise to the surface. Exfoliating can unclog pores, which can prevent oil buildup that may cause acne.

It is best to under-do, rather than over-do, make-up. Certain makeup products can clog your pores. Application of such products can cause or irritate the acne you may already have