June 15, 2020 / 3:09 PM / 25 days ago

BRIEF-Mallinckrodt To Proceed With Appeal In Ongoing Acthar Gel Medicaid Drug Rebate Dispute With CMS

June 15 (Reuters) - Mallinckrodt PLC:

* MALLINCKRODT TO PROCEED WITH APPEAL DESPITE APPELLATE COURT DECISION DENYING TEMPORARY INJUNCTION IN ONGOING ACTHAR GEL MEDICAID DRUG REBATE DISPUTE WITH THE CENTERS FOR MEDICARE AND MEDICAID SERVICES (CMS)

* MALLINCKRODT PLC - COMPANY REMAINS COMMITTED TO OPIOID SETTLEMENT IN PRINCIPLE

* MALLINCKRODT PLC - COMPANY CONTINUES TO EXPLORE ALL OPTIONS TO ADDRESS ITS LONG-TERM LIABILITIES AND RISKS

* MALLINCKRODT PLC - AS A RESULT OF APPEALS COURT RULING, CO WILL CHANGE BASE DATE AMP FOR ACTHAR GEL

* MALLINCKRODT - EFFECT OF CHANGE IS IMMEDIATE RECOGNITION OF RETROACTIVE NON-RECURRING CHARGES (ESTIMATED AT ABOUT $650 MILLION THROUGH MID-JUNE) Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below