Salix Pharmaceuticals

Wall St. bounces as dollar drops, Fed worries ease

U.S. stocks rallied on Monday as the U.S. dollar eased back from its recent peak and worries eased about the timing of a Federal Reserve interest rate hike.

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Ackman's Pershing Square makes $3.3 billion bet on Valeant

Billionaire investor William Ackman has purchased a five percent stake in Valeant Pharmaceuticals (VRX.TO) (VRX.N), his hedge fund said on Monday, making him the Canadian drug company's fifth-largest stakeholder.

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Salix Pharmaceuticals said to give rate proposal on Santarus acquisition loan

Bloomberg report said Salix Pharmaceuticals has proposed a rate for the USD 1.2 billion financing it will be getting for the purchase of Santarus Inc.

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