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Mallinckrodt gets approval for restructuring, $1 billion cut to opioid settlement

(Reuters) -Drugmaker Mallinckrodt on Tuesday won court approval for a bankruptcy plan that cuts $1 billion from what it must pay opioid crisis victims, cancels existing equity shares, and trims nearly $2 billion in other debt. U.S. Bankruptcy Judge John Dorsey approved the restructuring plan at a court hearing in Wilmington, Delaware. "With substantially less debt and additional financial flexibility, we will be better positioned for the future as we continue delivering therapies that improve outcomes for patients with severe and critical conditions," Mallinckrodt CEO Siggi Olafsson said in a statement. ....

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Mallinckrodt bankruptcy plan gains approval from federal court

Prescription opioid maker Mallinckrodt on Tuesday gained federal court approval to erase more than $1 billion of payments intended for people with drug. ....

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Radioactive waste contaminates parts of St. Louis region

A look at why parts of the St. Louis region, including areas along Coldwater Creek and a landfill in St. Louis County, have radioactive waste issues. How did World War II-era work at a Mallinckrodt plant near St. Louis lead to decades of problems storing and then cleaning up radioactive waste? ....

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Mallinckrodt Launches Lisdexamfetamine Dimesylate To Treat Attention-Deficit/Hyperactivity Disorder

Mallinckrodt plc announced its Specialty Generics segment, operating as SpecGx, received approval from FDA for its Abbreviated New Drug Application for Lisdexamfetamine Dimesylate Capsules 10mg, 20mg, 30mg, 40mg, 50mg, 60mg, and 70mg. ....

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Rite Aid to file for bankruptcy: Report

Rite Aid is reportedly preparing to file for Chapter 11 bankruptcy in the face of numerous lawsuits over its alleged involvement in the opioid crisis. ....

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