Tuesday, August 4, 2020

Mallinckrodt Hints At Filing For Bankruptcy Protection

Shares of Mallinckrodt plc are losing more than 22 percent in pre-market activity on Tuesday after the biopharmaceutical company said it is likely to file for bankruptcy protection in the near-term. Mallinckrodt made the announcement while reporting its second-quarter results, saying it is exploring a range of options due to the several negative conditions and events impacting its business.

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