Valeant says ex-CEO Pearson remains a significant shareholder

Pearson testifies about price spikes in decades-old pharmaceuticals before a hearing of the U.S. Senate Special Committee on Aging on Capitol Hill in Washington, U.S.Pearson, who was replaced by Joseph Papa in May, still holds more than 3.5 million shares – valued at more than $75 million based on Wednesday&;s close of $21.62. "While I trimmed my ownership position for personal reasons, I plan on holding my remaining shares until the company recovers and returns to being traded on fundamentals," Pearson said in a statement. Valeant said Pearson exercised options to sell about 4.4 million shares apart from selling about 411,000 shares in June and July.

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Teva says Allergan deal to close ‘any time’, expects U.S. antitrust clearance

Traders work at the post where Allergan stock is traded on the floor of the NYSENEW YORK/TEL AVIV (Reuters) – Teva Pharmaceutical Industries Ltd said on Wednesday it expected its $40 billion deal to buy Allergan Plc&;s generics business to close "at any time," even as the companies extended the deadline for completing the transaction to October to allow more time for the U.S. antitrust review. "We expect the closing of the … generics deal at any time now," Teva Chief Executive Officer Erez Vigodman said during a conference call with analysts to discuss the Israeli drugmaker&039;s financial outlook. The deal closing is contingent on clearance from the U.S. Federal Trade Commission (FTC), the antitrust regulator reviewing the deal, which the companies said they expect at any time.

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Swim champion Le Clos reveals both parents have cancer

Le Clos of South Africa swims in men's 100m butterfly heat at Aquatics World Championships in Kazan(Reuters) – South Africa&;s big Olympic swimming hope Chad Le Clos has revealed that both his parents are battling cancer as he prepares for next month&039;s Rio Games. The 200 metres butterfly champion, whose father Bert became a media sensation at the London 2012 Games for his exuberant reaction to his son&039;s gold, said he hoped they would be accompanying him to Brazil. "My mum Geraldine has breast cancer which has returned since her remission in 2010," Le Clos, who beat American Michael Phelps to gold four years ago, said in a statement.

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