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CORV

Correvio

$0.40 /

+0.0527 (+15.06%)

08:05
12/24/19
12/24
08:05
12/24/19
08:05

Correvio says 'no basis' for claims being made regarding CRDAC meeting outcome

Correvio said, "The company is involved in litigation in the normal course of its business, both as a defendant and as a plaintiff. Since the company's announcement of the FDA's Cardiovascular and Renal Drugs Advisory Committee meeting outcome for Brinavess on December 10, the company has received notice of claims being made against it in respect of that event. The company strongly believes there is no basis for any such claims and intends to vigorously defend itself. Additionally, the company has made a claim against Eddingpharm (Asia) Macau Commercial Offshore, one of its former distributors for Aggrastat, in respect of certain contractual breaches by Eddingpharm. Eddingpharm has, in turn, stated its intention to counterclaim against the company based on alleged breaches by the company. The arbitration proceeding is still in its early stages and Eddingpharm has not yet formally responded to the company's Statement of Claim. Although the company strongly believes in the strength of its claim and intends to vigorously assert its rights, it is not possible at this early stage to predict the outcome of the arbitration proceeding or the probability or amount of any award that may be issued by the Arbitration Tribunal."

  • 24

    Dec

CORV Correvio
$0.40 /

+0.0527 (+15.06%)

12/11/19 H.C. Wainwright
Correvio downgraded to Neutral from Buy at H.C. Wainwright
09/03/19 Cantor Fitzgerald
Correvio initiated with an Overweight at Cantor Fitzgerald
01/22/19 Canaccord
Correvio to unlock shareholder value through Brinavess, says Canaccord

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Conference/Events
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Hot Stocks
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Hot Stocks
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