Tuesday, March 29, 2016

Concordia Healthcare Rejects Media Report on Q4 Earnings; Claims Auditor Stands By Its Results

Concordia Healthcare said on the day of Tuesday it is categorically refusing claims made in a media report that the company's auditor, PricewaterhouseCoopers LLP, is "looking closely at 4Q," claiming it offered an "unqualified audit opinion." The company did not reveal the details on the media report or where it appeared.


Furthermore, Concordia stated that the media report claimed that the company could not be reached for comment. Concordia claimed that it never acquired a direct request to give a comment prior to the report being published.


"We categorically refuse the claims being made in the report and our independent auditors stand by our results," CEO Mark Thomson said in a statement.

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