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$VRX said it remains committed to pay down at least $1.7Bil of permanent debt in 2016. Cash position at 2Q16-end was approx. $850MM and the company has repaid $1.29Bil of permanent debt YTD, which includes approx. $880MM in debt reduction since 1Q16-end. $VRX has now completed all 2016 scheduled amortization payments and 1Q17 amortization payment.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.