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Concordia Healthcare Provides Corporate Update -- OAKVILLE, ON, Jan. 11, 2016
Concordia acquired AMCo in October 2015. Mr. Ahmad replaces Peter Van Tiggelen, who served as AMCo's CFO from September 2013 to January 2016. "We'd like to thank Peter for helping us work through the initial integration of the two businesses," said Mark Thompson, Concordia's Chairman and Chief Executive Officer. "Moving ahead, we believe Adeel's deep knowledge of Concordia's North American operations, and the pharmaceutical sector in general, will help us maximize the international opportunity ahead of us as a result of the AMCo acquisition, and the integration of the two businesses." Concordia launches Leuprorelin in UK Concordia also announced today that its subsidiary AMCo recently launched the first generic Leuprorelin in the UK. Leuprorelin, marketed under the brand name Lutrate, is used to treat prostate cancer. The launch, one of Concordia's 60 anticipated product launches over the next three years, demonstrates the geographic reach of Concordia's new international business platform. First in Class Compliance Award for AMCo Concordia also announced today that AMCo has become the first pharmaceutical company in the world to be certified by the UK's National Standards Body, the British Standards Institution (BSI), as having a robust and comprehensive compliance, ethics and anti-bribery management system (BSI 10500 certification). The British Standards Institution introduced BSI 10500 in order to encourage companies to develop comprehensive systems of managing such risks in their international operations. AMCo operates in more than 100 countries across the world and has a strong focus on ethics and compliance. About Concordia Concordia is a diverse, international pharmaceutical company focused on legacy pharmaceutical products and orphan drugs.
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