In this news, we discuss the Mallinckrodt files for bankruptcy amid U.S. opioid litigation.
(Reuters) – Mallinckrodt Plc MNK.N filed for bankruptcy on Monday amid lawsuits alleging it fueled the opioid epidemic in the United States and after the drugmaker lost a legal battle to avoid pay higher discounts to state Medicaid programs for its top-selling drug. .
Reporting by Nate Raymond in Boston and Rama Venkat in Bengaluru; Editing by Aditya Soni
Original © Thomson Reuters