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Valeant raises outlook after completing purchase of Salix

LAVAL, Quebec- Valeant Pharmaceuticals International Inc. said Wednesday it turned a profit in the first quarter, and the Canadian drugmaker raised its forecasts for the year after completing more acquisitions. The company reported a profit of $73.7 million, or 21 cents per share, after it lost $22.6 million, or 7 cents per share, a year ago. The Laval, Quebec- based...
Source: The Associated Press