Concordia Healthcare Corp. T.CXR.R

Its over for them...

[SteadyHandsStan]

RBC states the Pfizer-Flynn Decision as the reason for their downgrade this morning to UNDERPERFORM PRICE TARGET OF $1.00

WOW.  Bondholders are likely now to stop the payment to Cinven in light of the CMA's decision,  triggering a default and the capital structure to crumble.  Karma to this drug gouger and kudos to the shorts who said five months ago that it would be the international part of the business that would cause them to file.  Rather ironic, since they bought AMCO in the first place to reduce their drug pricing risk in the U.S.  LMFA !

[KnowledgeSeekr8]

Can you please let me know where to find the CMA news? I've searched and can't find anything from the past couple of days?

[GenericAdvocate]

Its on the UK Government Website, Competition and Markets Authority.  The US news sources don't pick up the news from the United Kingdom.  You can also find the CMA investigation against Concordia on there as well.  Shorts called this correctly months ago, and I have no position, I am however advocating for fair prices on generics because consumers, governments and tax payers

[serafin]

This post has been removed in accordance with Community Policy

[KnowledgeSeekr8]

This is the fine for Pfizer and Flynn not Concordia. I didn't search news for another company. This doesn't necessarily mean that Concordia will face the same punishment. But its not good news either.

[GenericAdvocate]

Get your head out of your a**