Ex-Valeant CEO sells shares for nearly $100 million

Former Valeant CEO Michael Pearson sold nearly five million shares and options for $96.8 million from June 30 through July 5, CNBC reports. Pearson left Valeant in late April after the company received criticism for significantly increasing the prices of its medications.

On May 31, Valeant announced that Pearson would receive $9 million as part of a severance agreement.

Read the CNBC article below.