Mallinckrodt Seeking To Reduce Opioid Settlement Payments To As Low As $200M; Mallinckrodt In Talks To Cut Opioid Settlement By Up To $1B
Portfolio Pulse from Charles Gross
Mallinckrodt is in talks to reduce its opioid settlement payments to as low as $200 million, potentially cutting the settlement by up to $1 billion, according to the Wall Street Journal.
July 06, 2023 | 9:32 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Mallinckrodt's potential reduction in opioid settlement payments could significantly alleviate its financial burden, potentially leading to a positive impact on its stock price in the short term.
The news of Mallinckrodt potentially reducing its opioid settlement payments by up to $1 billion could be seen as a positive development by investors. This could alleviate a significant financial burden on the company, potentially leading to a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100