Citron Research negative again on Mallinckrodt (MNK)
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Mallinckrodt (MNK) Short Report Appears to Overstate Acthar CMS Sales - Leerink
November 16, 2016 1:57 PM ESTLeerink Partners analyst Jason Gerberry said Citron Research's latest short report on Mallinckrodt plc (NYSE: MNK) appears to overstate Acthar CMS sales.
Gerberry commented, "MNK shares are down -7-8% based on a short report citing CMS dashboard data which call into question Acthar Gel sales derived from government sources (CMS; Medicaid & Medicare). The report (LINK) appears to overstate Acthar CMS sales as a percent of total product sales, as the methodology utilized by CMS drug spending dashboard for Medicare spend is based on gross sales, not net.,... More
