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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by Astroshaleon May 06, 2016 12:18pm
154 Views
Post# 24848360

RE:RE:RE:HOW MANY DRUGS?

RE:RE:RE:HOW MANY DRUGS?

as previously posted..


Analysts at Veritas Investments recently compared the price of certain U.K. drugs before Concordia bought them versus what the price is today. Another one of its top sellers, Triiodothyronine for severe hypothyroid states, is up 70 per cent when comparing before and after. In total, according to Veritas, Concordia has increased prices on 14 drugs in the U.K. from September 2015 to May 2016. Increases range from 29 per cent to 119 per cent and average 59 per cent.

However, when you look at price increases after Concordia purchased, they are more modest. For example, the price of the hypothyroid medicine, Triiodothyronine, is higher by 30 per cent from November to May vs 70 per cent if you compare September to May. In other words, Concordia raised the price 30 per cent but the bigger price increase happened just before they bought the drug. Of the 14 price increases highlighted by Veritas, Concordia was only responsible for two of them.

https://www.bnn.ca/News/2016/5/6/Concordia-Healthcare-Diving-deep-into-claims-of-sky-high-prices.aspx
 
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