Ex-Harvard Endowment Bosses Make Surprise Bet on Teva Pharmaceutical Industries Ltd (ADR) (TEVA), Say Goodbye to Valeant Pharmaceuticals Intl Inc (VRX)

Ex-Harvard Endowment Bosses Make Surprise Bet on Teva Pharmaceutical Industries Ltd (ADR) (TEVA), Say Goodbye to Valeant Pharmaceuticals Intl Inc (VRX)

The wildly successful Adage Capital hedge fund left one struggling pharma giant for another in the last quarter, according to just-released 13F forms filed with the SEC. We can see that the fund demonstrated a surprisingly bullish sentiment on Teva Pharmaceutical Industries Limited (NYSE:TEVA) while taking profits on Valeant Pharmaceuticals International, Inc. (NYSE:VRX).

Intriguingly, the fund…

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