UPDATE: Concordia (CXRX) Says it Hasn't Bid For, Nor Has it Acquired Pernix Therapeutics (PTX) - Statement

August 19, 2016 2:43 PM EDT

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(Updated - August 19, 2016 3:07 PM EDT)

Concordia International (Nasdaq: CXRX) says it hasn't made a bid for, nor has it acquire Pernix Therapeutics (Nasdaq: PTX), according to Bloomberg, citing a company statement.

UPDATE - Concordia issued StreetInsider.com the following official statement on Friday:

Concordia has not made a bid for, nor acquired Pernix Therapeutics and is not involved in any discussions about any type of transaction with Pernix Therapeutics.

Shares of Concordia are down 3 percent, while Pernix is up over 16 percent, but well off of earlier lows.

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