The company's shares, which plunged by more than 40% to under $2 in intraday trading, have lost 96% of their value in the past year and are even farther from their 2015 peak of $132.51 a share.
"If we didn't have all this opioid hysteria going on" would investors be asking why the company still owns the opioid business, Trudeau said at Wells Fargo's annual health-care conference in Boston on Thursday.
"While we can't really comment specifically on any specific rumors, what we can say is like any company hires advisers for all different kinds of things all the time," Trudeau said. "Unfortunately, people are putting a whole variety of things together and making assumptions of things completely independent of what we're trying to do as a company."
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