RE:RE:Fusidic Acid Eyedrops 5g.happyretirement wrote: Amazing how some read the HEADLINES and not the content of articles......sent the same information to both Billy Kenber and Dan McCrum with no response.....
The reason there was probably no response is that it doesn't matter who did the price increases; if, or should we say "when" ... it is in Concordia's potfolio now and they will be the ones forced to bring down the price. The DOH is already sending out bulletins to doctors recommending them not to prescribe the drug and instead to prescribe a cheaper alternative for conjuctivitis. If Thompson didn't know that he was buying a price gouger that relied on exhorbitant increases for growth, then he should be forced to walk the plank by investors for not doing his due diligence. And then he should be shot for paying for the Cinven acquisition with debt. ...At the worst possible time...
Ironically, Thompson did this acquisition to reduce price pressure in the U.S., when the international portfolio will turn out to be the toaster in the bathtub for Concordia.