Concordia Healthcare (CXRX) Tops Q2 EPS by 3c

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Go back to Concordia Healthcare (CXRX) Tops Q2 EPS by 3c

Concordia Healthcare Announces Second Quarter 2015 Results

August 13, 2015 6:30 PM EDT

-          Newly acquired Covis assets drive top line and EBITDA2 in the second quarter    -

Second Quarter 2015 Highlights

The Company completed its acquisition of substantially all of the commercial assets of privately held Covis Pharma S.à.r.l and Covis Injectables, S.à.r.l (together "Covis") for $1.2 billion. The acquired Covis portfolio consists of 12 branded products, 5 authorized generic products and a product distributed by a third party in Australia. The Company paid for the assets through a mix of term loans, bonds and equity as disclosed in prior press releases.... More