Hints and tips:
...In addition to J&J, the complaint named Purdue Pharma and the members of the Sackler family that own it, Mallinckrodt, Endo, and Teva among others....
...There is one interesting sweetener Mallinckrodt has thrown into the pot....
...Philip Mallinckrodt, nephew of recently deceased patriarch Bruno Schroder, last week announced he would retire from the board — to be replaced by his older sister Claire....
...Endo International, which settled these cases for about $10m, was down 2.4 per cent to $4.76, and Mallinckrodt, which settled the two cases for about $30m, fell 3 per cent to $2.66....
...Mallinckrodt, a drug distributor, slumped 14 per cent to $3.63, but it was partly dragged down in response to an appeals court ruling in an intellectual property case that was seen as negative to the stock...
...Ms Schroder’s cousin, Philip Mallinckrodt, also sits on the board as a non-executive director. Mr Harrison said 2018 had been “one of the toughest years” for the asset management industry....
...Ms Schroder’s cousin, Philip Mallinckrodt, has been a board member for a decade and has held management posts at the business....
...According to the Interfaith Center on Corporate Responsibility (ICCR), a similar resolution filed at pharmaceutical group Mallinckrodt was withdrawn in March after the company decided to divest its opioid...
...Among the most commonly named defendants are drugmakers such as Purdue Pharmaceuticals, which is privately owned, Johnson & Johnson, Allergan, Mallinckrodt, Endo and Teva; distributors such as McKesson,...
...The S&P 500’s pharmaceuticals industry gauge declined 0.7 per cent, with New York shares in Perrigo, Mallinckrodt and Mylan sliding by 1.8 per cent, 3 per cent and 1.6 per cent, respectively....
...Mallinckrodt and Allergan led the rally with more than 4.5 per cent gains for each....
...Mallinckrodt said: “Mallinckrodt generally does not respond to market speculation....
...Fears surrounding Valeant reverberated through to other junk-rated healthcare companies, including Endo International and Mallinckrodt....
...The three companies — Valeant, Endo and Mallinckrodt — have levered up over the past two years in aggressive expansions....
...A number of listed pharmaceutical companies, including Valeant, Endo and Mallinckrodt, have made it their business to buy up branded off-patent remedies and pump up prices....
...Some analysts and bankers also think Mallinckrodt could turn from hunter to hunted....
...Analysts say the ‘eat or be eaten’ mindset will drive further deal activity in the coming months, as smaller drug companies such as Endo Pharmaceuticals and Mallinckrodt look to challenge their larger rivals...
...Shares in Mallinckrodt slipped 1.7 per cent to $104.93 after missing fiscal first-quarter sales estimates....
...Since the start of 2014, the S&P 500 healthcare index has advanced 26 per cent, including gains of more than 100 per cent by Hospira, Mallinckrodt and Allergan — two of which agreed to takeovers — while...
...The news on Monday that Mallinckrodt, a Dublin drugmaker, has agreed to pay $5.6bn for US rival Questcor Pharmaceuticals marks the latest in a string of healthcare deals to hit the market since January....
...Mylan’s pursuit of Sweden’s Meda, Mallinckrodt’s merger with Questcor and Fyffes’ tie up with rival banana seller Chiquita are all motivated, in part at least, by tax....
...“The combination of margin compression and investment in IT means there is pressure to consolidate,” says Philip Mallinckrodt, global head of private banking at Schroders....
...Mudlark slipped out of Thursday’s farewell drinks party rather than be shown up by Schroders president George Mallinckrodt, 75, who had effortlessly bent forward to touch the floor....
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