Valeant-Takeda Salix Negotiations Bust On $10 Billion Price: Report

Valeant Pharmaceuticals' (VRX) sales force expansion for two stomach drugs could signal failed negotiations to sell its Salix Pharmaceuticals unit, Mizuho analyst Irina Koffler said Wednesday amid a similar report from The Wall Street Journal.

Acquisition talks between Valeant and Japanese firm Takeda Pharmaceuticals broke down during an 11th-hour price disagreement, inside sources told the WSJ. Valeant officials didn't immediately return a request for comment from IBD.

Takeda would have...

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