Mallinckrod likely to file for bankruptcy after $933.1 million Q2 lossChristian Fernsby ▼ | August 5, 2020
Mallinckrod said it is likely to file for bankruptcy protection in the near term.
Topics: Mallinckrod bankruptcy
Mallinckrodt reported loss for the second quarter of $933.1 million compared to net income of $6.8 million in the year ago period.
The latest quarter's results include a $639.7 million impact from the retrospective Acthar Gel Medicaid rebate liability and a $63.5 million non-restructuring impairment of the Ofirmev (acetaminophen) injection intangible asset.
Net sales fell to $166.5 million from $823.3 million last year. ■