Valeant's business model

Valeant has created the first pharma conglomerate, showcasing over 1700 products. This is the GE of pharma, changing the industry like no other company.

 

Buying lots of companies with lots of borrowed money and not having the discipling to absorb them does not make you the GE of pharma. More like the Tyco circa 2002 of pharma. Valeant didn't invent the risky business model, but the leadership was not smart enough to even look at how other roll-ups failed and try to avoid it.

That speaks volumes about the caliber of the executives produced by McKinsey. But then McKinsey is nothing more than a high dollar consultant whore who'll give you the answer you want for the right price. And yet they are back again "helping" Valeant out.