Citron turns spotlight on Mallinckrodt, shares plunge

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Go back to Citron turns spotlight on Mallinckrodt, shares plunge

Stressed Mallinckrodt (MNK) SOTP Suggests $70-$90/Share, Jefferies Says

November 10, 2015 7:24 AM EST

Jefferies analyst Anthony Petrone provided stress test assumptions on Mallinckrodt plc (NYSE: MNK) following Citron Research short seller allegations.

Petrone notes shares were pressured on two items:

1) Concerns around the companys business model; and

2) Results of a pilot H.P. Acthar Gel presented at the ACR meeting.

The analyst highlighted the following:

Knowns on Acthar pricing and... More