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Concordia Healthcare Denies Media Report on Q4 Earnings; Says Auditor Stands By Its Results

Concordia Healthcare ( CXRX ) said Tuesday it is categorically denying claims made in a media report that the company's auditor, PricewaterhouseCoopers LLP, is "looking closely at 4Q," saying it provided an "unqualified audit opinion." The company didn't disclose details on the media report or where it appeared.

Moreover, Concordia said that the media report stated that the company couldn't be reached for comment. Concordia said that it never received a direct request to provide a comment prior to the report being published.

"We categorically deny the claims being made in the report and our independent auditors stand by our results," CEO Mark Thomson said in a statement. "Concordia has been the subject of an unrelenting and unscrupulous attack by a group of short sellers for several months. We will continue to monitor this situation and will act accordingly."

CXRX trades in the lower half of the 52-week range between $19.02 and $89.10. It was inactive in recent pre-market trade.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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