Citron turns spotlight on Mallinckrodt, shares plunge
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Stressed Mallinckrodt (MNK) SOTP Suggests $70-$90/Share, Jefferies Says
November 10, 2015 7:24 AM ESTJefferies 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