Canadian drugmaker Valeant Pharmaceuticals said it will increase the list prices of products in its neurology, gastro-intestinal and urology portfolios by 2 percent to 9 percent.
These planned wholesale acquisition price changes are effective Oct. 14, Valeant said on Friday.
U.S.-traded shares of Valeant were down more than 1.6 percent Friday afternoon.
Shares of the Laval, Quebec-based company were down 2.4 percent on the Toronto Stock Exchange.
The changes are in line with the company's plans to ensure average annual price increases for its prescription pharmaceutical products are no greater than single digits and below the five-year weighted average of increases within the industry.
The embattled drugmaker is trying to regain investor confidence following a tumultuous past year in which its pricing strategy and ties to a specialty pharmacy led to a wider political and regulatory scrutiny, hammering its stock.
--CNBC.com contributed to this report.
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