Quotes from the news wire:
In hindsight I regret pursuing, transactions where a central premise was a planned increase in the prices of the medicines, we should have abandoned the transaction with Marathon when it became clear that the expected arrival of generic competition made the economics of the deal dependent on significant price increases.
It's been a privilege to lead Valeant for the past eight years, while I regret the controversies that have adversely impacted our business over the past several months, I know that Valeant is a strong and resilient company, and I am committed to doing everything I can to ensure a smooth transition to new leadership.
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