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Mallinckrodt Stock Boosted By $24 Million USD Opioid Settlement

Mallinckrodt stock

Mallinckrodt stock is up over 5% today after the drug manufacturer announced it had reached a settlement with opioid litigators in Ohio.

Mallinckrodt Stock Near 52-Week Low

Mallinckrodt plc (NYSE:MNK) has been the subject of lawsuits in two Cuyahoga and Summit Counties, both in Ohio, for its role in contributing to the opioid crisis. MNK has been struggling more than most pharmaceuticals under the weight of the opioid crisis after a federal database was made public earlier this year, which revealed that the company was the largest manufacturer of opioid painkiller between 2006 and 2012. Mallinckrodt ...

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