The Traderszone Network

Published in TZ Latest News 20 May, 2015 by The TZ Newswire Staff

Mallinckrodt: Ofirmev, Acthar And A Nearby Buy Point

It’s been quite a year for Mallinckrodt (MNK). In March 2014, it acquired Cadence Pharmaceuticals, the maker of the pain medication Ofirmev, for $1.4 billion. Then, in August, came the $5.6 billion acquisition of Questcor Pharmaceuticals, maker of the market-leading immune system treatment Acthar. In November, the Food and Drug Administration threw a regulatory roadblock in front of Mallinckrodt’s ADHD treatment, gConcerta.

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