Why Mallinckrodt and Endo International Shares Jumped Today

Discussion in 'Pharma/Biotech Companies - In the News' started by cafead, Aug 19, 2019 at 11:52 PM.

  1. #1 cafead, Aug 19, 2019 at 11:52 PM
    cafead

    cafead Administrator
    Staff Member

    Joined:
    Nov 21, 2001
    Messages:
    32,990
    Likes Received:
    3
    via Shares of Mallinckrodt (NYSE: MNK) closed up 12% on Monday while Endo International (NASDAQ: ENDP) jumped almost 13%, without either company releasing any news.

    It could just be a coincidence, but it seems likely that investors have more confidence that the opioid lawsuits that both companies face will be settled sooner rather than later.

    article source
     
    Quote

Reply to Thread