Concordia Healthcare Corp. T.CXR.R

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[kingpin21]

Investigation on CXR earnings reports

INVESTOR NOTICE: Goldberg Law PC Announces an Investigation of Claims Against Concordia International Corp. and Advises Investors With Losses to Contact the Firm

https://finance.yahoo.com/news/investor-notice-goldberg-law-pc-002500912.html

[ana852456]

They said but it was material impact on their impairment test.Huge amount. The amount of impairment is 567076.They generated in 6 months goss income almost half of this amount!! If not new impairment test gain in next months, they will be able to pay their liabilities but not to generate gain, so the company will presente fake ration due to debt level vs total assets and they will not pay

[select1011]

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[ana852456]

I just wonder when they did this impairment test and how they mesured the amount. If really illegal competitivity, we will see gain after lawsuit result.

[select1011]

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[GenericAdvocate]

ana,  By their own admission on the earnings call the illegal competitor on the market in January did not take market share from Donnatal. Viberzi is taking market share from Donnatal and its taking it fast because it offers an innovative treatment for IBS.)  No impairments will be reversed on these declilng drugs as you have suggested.  Other impairments will just be added for more

[PANAGONINVEST]

Hey GenericAdvocate this is a very interesting and informative post. Thank you.

[wordless]

The OSC isn't making them take impairments. Accounting rules (I.e. IFRS) compliance is making them take the impairments. If the net realizable value of an asset, determined by estimating future cash flows from said drug and discounting those cash flows, produces a value less than the asset value on the balance sheet - you have an impairment of the asset and you write it down to the net

[GenericAdvocate]

There is an ordinary course continuous disclosure review by the Ontario Securities Commision.  I can only speak to conversations I have personally had.  The corporations statement on their press release as it relates to the OSC indicates that they are getting pressure from the OSC.

[adamchess]

FYI Concordia counsel said they would provide additional submissions re Donnatal to the FDA by June 30, 2015 which date the FDA accepted in their response. No idea how this gets interpreted by you and the author of the Seeking Alpha article (if different) to be a denial for delay???  So much BS. Donnatal still being prescribed last I heard more than a year later. READ FDA response to

[LatticelnExile]

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[select1011]

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