December 19, 2016 / 3:43 PM / 2 years ago

BUZZ-Concordia International Corp: Best day in a month

** Drugmaker’s U.S.-listed and Canadian shares up as much as 24 pct at $2.67 and C$3.60 - biggest intraday pct gain in over one month

** Concordia says it will shave costs by ending current contract sales team that was promoting Donnatal, its drug to treat irritable bowel syndrome

** Co also terminates late-stage trial for its photodynamic therapy for patients with cholangiocarcinoma, a rare form of cancer; the product is already FDA-approved for other conditions including esophageal and non-small cell lung cancer

** Says its has access to sufficient liquidity to meet all of its near term financial obligations

** Up to Friday’s close, both stocks had lost nearly double their value YTD

0 : 0
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