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Valeant

Valeant, based in Montreal, Quebec, Canada, has purchased several companies in recent years, including Biovail Corp., Afexa Life Sciences, Inc., and Medicis Pharmaceutical Corp. makes a range of neurology and dermatology drugs as well as a host of branded generics. In September 2009, Biovail agreed to pay $24.6 millionto settle a lawsuit alleging illegal kickbacks. A Biovail subsidiary pleaded guilty to conspiracy and kickback criminal charges.

Valeant began reporting payments for consulting, speaking, meals, travel, expense reimbursement and educational items as of January 2010. For the first two years, Valeant reported the information in separate quarterly reports that were not combined. It did not report data for the fourth quarter of 2010 because of its merger with BioVail Corp., which closed in September 2010.

Beginning in the fourth quarter of 2011, Valeant switched from reporting specific dollar amounts to reporting payments in ranges, i.e. $0-$100. Its 2012 report groups all payments made during the year into a single report.

See all Valeant payments, or visit Valeant's transparency page.

Notable drugs

Payment Reports

2010 Jan. 10 to March 31

The subtotals listed here exclude eight payments because they are expressed by Valeant as ranges. Source »
Avg. Quarterly Total
Meals $11,498 $11,498
Consulting $4,500 $4,500
$15,998 $15,998

2010 April to June

Avg. Quarterly Total
Meals $63,479 $63,479
Items, Gifts $19,525 $19,525
Consulting $19,331 $19,331
Other $330 $330
$102,665 $102,665

2010 July 1 to Sept. 27

Avg. Quarterly Total
Consulting $89,410 $89,410
Meals $73,449 $73,449
$162,859 $162,859

2011 Jan. to March

Avg. Quarterly Total
Consulting $107,083 $107,083
Meals $61,510 $61,510
Speaking $17,950 $17,950
Expenses $5,326 $5,326
Other $1,020 $1,020
Travel $241 $241
$193,130 $193,130

2011 April to June

Avg. Quarterly Total
Consulting $177,438 $177,438
Meals $111,375 $111,375
$288,812 $288,812

2011 July to Sept.

Avg. Quarterly Total
Meals $299,104 $299,104
Consulting $236,905 $236,905
Expenses $2,041 $2,041
$538,050 $538,050

2011 Oct. to Dec.

Some payments are listed as a negative number to correct an earlier error or to reflect a reimbursement or other adjustment. Source »
Range Payment Count
<$0 25
$0–$100 8,501
$100–$500 80
$500–$1,000 26
$1,000–$2,500 21
$2,500–$5,000 18

2012 Jan. to Dec.

Range Payment Count
<$0 69
$0–$100 46,092
$100–$500 896
$500–$1,000 271
$1,000–$2,500 415
$2,500–$5,000 281
$5,000–$7,500 8
$5,000–$10K 3
$7,500–$10K 3
$100K–$200K 18

Total Payments by State

Because Valeant only discloses ranges for many of its payments, we list only the number of payment records per state.

State Total
Texas 15,263
California 11,673
New York 9,850
Florida 9,667
Ohio 4,528
Illinois 4,048
North Carolina 3,962
New Jersey 3,879
Pennsylvania 3,608
Arizona 3,284
Georgia 3,145
Michigan 3,108
Tennessee 2,832
Maryland 2,423
Connecticut 1,995
Missouri 1,824
Louisiana 1,574
Wisconsin 1,438
Hawaii 1,434
Kentucky 1,345
Indiana 1,083
Alabama 1,039
Massachusetts 970
Virginia 884
Nevada 851
South Carolina 784
Colorado 726
Arkansas 717
Utah 494
Mississippi 441
Washington 423
Minnesota 290
Delaware 289
Oregon 241
Oklahoma 239
Kansas 191
Nebraska 188
South Dakota 168
New Hampshire 168
Iowa 151
Rhode Island 147
District of Columbia 117
Idaho 83
Maine 60
West Virginia 48
North Dakota 45
New Mexico 28
Montana 10
Alaska 9
Vermont 6
Wyoming 2
[Unknown State] 2