Valeant responds to Philidor criminal charges

LAVAL, Quebec — Valeant on Friday responded to charges brought against former executive Gary Tanner and Philidor CEO Andrew Davenport. 

 

The charges for both Tanner and Davenport, who appeared before a Philadelphia judge Friday, filed by U.S. Attorney for the Southern District of New York, Preet Bharara, are one count each of conspiracy to commit honest services wire fraud, one count of honest services wire fraud, one count of conspiring to violate the Travel act and one count of conspiring to commit money laundering. 

 

Valeant noted that the charges allege Tanner and Davenport engaged in actions aimed at defrauding the company and that it has been cooperating with authorities in the matter. Valeant also noted that Tanner has not worked for the company for over a year. 

 

“The company, former CEO, former CFO, and current executives have not been charged at this time,” Valeant said. “Gary Tanner ceased to be a Valeant employee on September 13, 2015, and Andrew Davenport has never been an employee of the company.”