Concordia Healthcare (CXRX) Misses Q1 EPS by 17c; Announces Acquisition of Four Products

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Go back to Concordia Healthcare (CXRX) Misses Q1 EPS by 17c; Announces Acquisition of Four Products

Concordia Healthcare Announces First Quarter 2016 Results and Acquisition of Four Products with Global Rights

May 13, 2016 6:00 AM EDT

First quarter 2016 revenue of $228.5 million, an increase of 19 per cent over the fourth quarter of 2015 and 570 per cent over the first quarter in 2015 First quarter 2016 adjusted EBITDA1 of $140.8 million, an increase of 17 per cent over the fourth quarter of 2015 and 631 per cent over the first quarter in 2015 Subsequent to quarter end, entered into an agreement to acquire four products that add to the Company's diverse product mix Concordia International segment launched 10 new products since October 21, 2015; the Company remains on track to meet its target of 60 plus launches in the next three years... More