Valeant Shares Pop on CEO Stock Purchase

There is never a shortage of news for the troubled Canadian pharmaceutical company. Shares of Valeant popped briefly Monday on news that new CEO Joseph Papa bought $4.9 million worth of shares. The company has a lot of work ahead of it as it tries to repair the tarnished brand. Real Money's James Passeri reports that Valeant is working to iron out speed bumps in its partnership with Walgreens. 'We continue to strongly believe in the program, and both Walgreens and Valeant are working diligently to correct the issues,' Papa said last week. We'll be watching to see if this ship can right itself.