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Fly News Breaks for November 11, 2015
MNK
Nov 11, 2015 | 09:12 EDT
BofA/Merrill said weakness in Mallinckrodt due to a short report has created an attractive entry point for shares. The firm held a management meeting and came away more confident that Mallinckrodt is on track to deliver multi-year margin and earnings growth, and sees no new issues with Acthar involving pricing or reimbursement. The firm's analyst said Acthar has been the subject of investor focus in the past due to its composition, action of drug, pricing, and potential for copies and is not surprised by the recent attention.
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