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  "documentTitle": "Valeant Pharmaceuticals International (VRX)",
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  "authorName": "William Ackman",
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  "presentationDate": "2015-10-30 00:00:00",
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      "text": "We believe that with the passage of time Valeant’s share price will reflect the value of its franchises, its low-cost operating model, and its efficient capital allocation strategy",
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      "text": "In the very near term, a decision to terminate the Philidor relationship and develop new channel partners\nOver the next several months, more negative press reports, scrutiny from regulators and politicians\nCompletion of the ad hoc committee's work\nOver the next year, resilient operating performance from Valeant\nIn the next two to four years, completion of recently announced investigations",
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