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Bullboard - Stock Discussion Forum Concordia Healthcare Corp. T.CXR.R

TSX:CXR.R - Post Discussion

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Post by colt451 on Sep 15, 2016 3:52pm

U.K. Bill

For those worried about Cohodes B.S. about the new U.K. legislation see below - have a good weekend guys, we'll see if Thompson's travels bring a NR on Monday. 

From the Q2 CC: 

David Martin

Hi, thanks for taking my questions. First one, I’m wondering if any of your drugs in North America were aware of the CBS situation. But have any other major formularies excluded any of your drugs? And in the UK, have you been formally approached by the Department of Health on pricing issues?

Mark Thompson

Okay, I’ll do the UK one first, because that’s straightforward. No, we haven’t.

David Martin

Are you in anyway changing your strategy around product pricing in the UK, because of the political climate?

Mark Thompson

No, no. As I said before, actually going forward, the main driver of growth in the UK and actually indeed the International business is product launch. Interestingly those – the products that we’re launching, the 60 of them that are due to launch by the end of 2018, the majority of those – big majority of those op cost saving medicines for NHS, which was always part of our strategy, is always part of our strategy. So we’re not having to adjust anything.

Comment by LaticelnExile on Sep 15, 2016 3:57pm
This post has been removed in accordance with Community Policy
Comment by colt451 on Sep 15, 2016 4:03pm
I'm not debating whether the new legislation is being passed - it was posted on the U.K. Gov. website this morning, consultations to follow in summer of 2017 and likely implementation in late 2017/early 2018. However, it will have a minimal impact on Amco unless management was lying on the CC.  On the CC they explicity state the majority of growth is in products that will save NHS money. ...more  
Comment by LaticelnExile on Sep 15, 2016 4:29pm
This post has been removed in accordance with Community Policy
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