RespireRx Pharmaceuticals Inc (RSPI): Valeant used to be called ICN Pharma - a...

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Re: neuroinv post# 2631

Thursday, 12/14/2006 11:59:19 PM

Thursday, December 14, 2006 11:59:19 PM

Valeant used to be called ICN Pharma - a real turkey when it was headed by former CEO Milan Panic, but he was eventually ousted. They did develop Ribavirin, which has been one of the standard Hep-C drugs for years. I owned stock in one of their subsidiaries (Viratek) when Ribavirin was being hyped as a cure for AIDS. Milan Panic developed a reputation as one of the bigger crooks in the pharma world, and it took many years of class action suits and shareholder maneuvering to finally get him out of the company.

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