MNK Stock Hits All Time Low Amid Bankruptcy Reports

MNK Stock

Mallinckrodt Plc (NYSE:MNK) has reportedly brought in restructuring advisors as the company considers bankruptcy, plunging MNK stock by over 40%.

The pharmaceutical firm has felt the burden of the opioid crisis more than most of its counterparts after a federal database made public earlier this year found the company to be the largest manufacturer of opioid painkillers between 2006 and 2012. MNK stock was trading as high as $33 in the last 12 months but has subsequently lost over 90% of its value since and is currently worth just $1.64. Today’s value is an even further ...

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