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Salix Pharmaceuticals

Latest Headlines

Latest Headlines

Looking to get out of the hot seat, Salix to restate financials for past 7 quarters

After completing a review of inventory issues that inflated sales figures for some of its products, Salix is going to tell it like it is. The company will restate its financial reports for the last 7 quarters, a move it thinks will put the issue to rest.

Scandal-plagued Salix said to consider a sale

Salix Pharmaceuticals, marred by an embarrassing inventory scandal, has hired an investment bank to help it find some strategic alternatives, Reuters reports, including an outright sale. 

Salix Pharmaceuticals eyeing sale in wake of corporate fallout

Salix Pharmaceuticals is officially in rescue mode. Haunted by an inventory snafu and a C-suite shakeup, and under investor pressure to consider a sale, the company has hired investment bank Centerview Partners to help weigh its options.

Salix CEO takes a hike in latest fallout from inventory snafu

On Monday afternoon, CEO Carolyn Logan became the second C-suite executive at Salix Pharmaceuticals to step down in the wake of an inventory snafu disclosed late last year. Logan will retire as of Jan. 30, the company said.

Salix investors pushing for sale once supply issues wrap

Salix is working quickly to get some inventory issues under control after bidding farewell to its CFO and launching an audit committee review. But as soon as it does, some shareholders want the North Carolina drugmaker to put itself on the block.

Salix expects lackluster sales as it speeds to fix inventory issues

Back in November, Salix revealed some inventory issues that had skewed perceived demand for some of its products--and possibly cost it a deal with Allergan in the process. Now, the company says it's moving to fix the problem quickly. But in the meantime, its top line will pay the price.

WSJ: Salix inventory issues helped scuttle Allergan buyout

At one time, Allergan was so confident it could lock up an acquisition of Salix Pharmaceuticals to thwart Valeant's hostile bid that it reportedly snubbed potential white knight Actavis when it came calling. But those talks have long since stalled, and now, Salix is investigating an inventory blip that The Wall Street Journal 's sources say was a dealbreaker.

Salix drops Cosmo buy, opting to talk takeover with Actavis

Chalk up a victory for the U.S. Treasury Department, whose new rules put the kibosh on Salix Pharmaceuticals' tax inversion deal for Cosmo's Irish unit. Instead, the North Carolina company is reportedly in talks to sell itself--but to Actavis, not Allergan.

Salix calls it quits on an inversion over mounting political pressure

Specialty drugmaker Salix Pharmaceuticals is backing out of a $2.7 billion deal that would have given it an Irish domicile--and thus a lower tax rate--in the first victory for U.S. leaders working to discourage such transactions.

Salix's Relistor has its chance to get a jump on AZ's new constipation med

Salix Pharmaceuticals nabbed the new Relistor approval it was counting on. The FDA blessed the injectable drug as a treatment for all patients with constipation caused by opioid pain relievers, boosting its target market more than tenfold.