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What happened to my Valeant shares?

2016· article· en· W2516734273 on OpenAlexaffabout
Douglas R. McKay, Daniel A Peters

Bibliographic record

VenuePlastic Surgery · 2016
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicPrivate Equity and Venture Capital
Canadian institutionsUniversity of OttawaQueen's University
Fundersnot available
KeywordsHistory

Abstract

fetched live from OpenAlex

I n a column whose chosen focus is on 'business ' and 'health care in Canada', we would be remiss to overlook Valeant.The complex narrative of this precipitous fall is just so rich with fodder.While each step in the saga could serve as a springboard for discussion (mergers and acquisitions, short-seller attacks, senate investigations, price gouging, questionable accounting practices, hedge fund promotion, shocking market share losses, 'Cold-FX'), it really is more impressive when we run the gamut from start to present.We have been careful not to use the word 'finish'.The resolution may still be years in the making and this will certainly be out of date by the time of publication.This is a story still unfolding, and with that caveat we will do our best to sort through the themes. INCEPTION AND BACKGROUNDValeant is a Canadian company incorporated in British Columbia, headquartered in Laval, Quebec, principally run out of the United States (US), and traded on the Toronto Stock Exchange and New York Stock Exchange.The company arose from the merger of several small pharmaceutical players in the mid 1990s.Its interests are diverse: Valeant manufactures and markets a variety of over-the-counter and prescription medications across a spectrum of subspecialties and diseases.Unlike some of its pharma peers, Valeant eschews home runs for runs batted in.There are few-to-no heavy hitters in its lineup.Consistent niche players make up the team.It is not a research and development-based company; it does not devote years to developing a drug or class, bringing it to market and profiting from proprietary patented protection.Valeant is better thought of as a distributor with the catch that it is a distributor who also owns the patented rights to the medications it sells.How does it come by the product and the patent?Acquisition.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.004
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesInsufficient payload (model declined to judge)
Consensus categoriesInsufficient payload (model declined to judge)
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.187
Threshold uncertainty score0.999

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.004
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.002
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0020.007

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.033
GPT teacher head0.222
Teacher spread0.189 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; both teacher heads agree on what is shown here.

Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2016
Admission routes2
Has abstractyes

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