The Ireland-based company initiated proceedings after reaching a debt reduction deal that would cut $1 billion from the amount it owes to victims of the opioid…
Health: Drugmaker Mallinckrodt files for second bankruptcy in the US
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Mallinckrodt files for bankruptcy
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Drugmaker Mallinckrodt files for second bankruptcy in US By Reuters
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Drugmaker Mallinckrodt on Monday filed for its second bankruptcy in three years in the United States, with a restructuring plan that would cut $1 billion from what it owes to victims of the opioid crisis. The New York Stock Exchange said it has suspended trading in Mallinckrodt's ordinary shares with immediate effect and has commenced proceedings to delist them from the exchange. Mallinckrodt, which makes both branded and generic drugs, had first filed for bankruptcy in 2020 to address its high debt load, litigation over its marketing of highly addictive generic opioids and disputes over its drug pricing.