Michael Pearson is to step down as  chairman of the board and chief executive officer of Valeant Pharmaceuticals International Inc.   The company has appointed activist investor William Ackman to its board. Photograph: Reuters

As recently as last summer, J Michael Pearson styled himself as a brash and bold executive with a new way of thriving in pharmaceuticals: buying othe(...)

Mike Pearson: hard-driving boss Valeant boss ensured the group has, over the past eight years, bought one drug company after another. Photograph:  Scott Eells/Bloomberg

What is the right way to build up a drug company? Do you take the traditional route, investing in your own research and development and seeking to dis(...)

Valeant Pharmaceuticals, the Canadian drugmaker known for its serial acquisitions, reported first-quarter profit that topped analysts’ estimates and r(...)

Bausch & Lomb’s facility in Waterdord. The company is to create 125 new jobs.

Less than a year after it was on the verge of closing its Waterford manufacturing base and shedding 1,100 employees, contact lens giant Bausch & L(...)

Bausch & Lomb is the largest private sector employer in the southeast.

Eye-care company Bausch & Lomb is to create 50 new jobs over the next 18 months as part of a €41 million investment at its Waterford facility.The (...)

Bausch & Lomb, which is in the process of implementing 200 job cuts, has announced plans to upgrade production systems at its Waterford facility.

Eye-care company Bausch & Lomb, which is in the process of implementing 200 job cuts, has announced plans to upgrade production systems at its Wat(...)

The battle between Valeant Pharmaceuticals and its latest target, Allergan, has thrown a harsh light on some of the tactics employed by investment banks pursuing lucrative advisory contracts. Photograph: Eric Luke

The life sciences sector is awash with M&A activity this year with one proposed megadeal swiftly following another. The frenetic activity is not c(...)

 Minister for Jobs, Enterprise and Innovation, Richard Bruton speaking to the media last month following the announcement by Bausch and Lomb to lay off 200 people and close the Waterford facility if agreement on pay cuts of 20% for the remaining staff were not reached.  Photograph: Collins

Minister for Jobs Richard Bruton has welcomed news that the Bausch & Lomb facility in Waterford is to remain open after employees voted in favour (...)

Bausch & Lomb said it would close its Wateford plant unless its cuts were put through. More than 1,100 people are employed at the contact lens manufacturer. Photograph: Bausch & Lomb

Siptu has called on management of a major pharmaceutical plant to come good on a promise to invest in its future following union members’ decision (...)

Talks between unions and management and chaired by the Labour Relations Commission broke down without agreement yesterday following a second successive all-night session

Over 1,100 workers at the southeast’s largest private sector employer are expected to vote early next week on a series of cuts which would see almost (...)