Welcome to our dedicated page for MNK news (Ticker: MNK), a resource for investors and traders seeking the latest updates and insights on MNK stock.
The MNK news page on Stock Titan aggregates company-issued updates and media coverage related to Mallinckrodt plc and its subsequent branded therapeutics identity, Keenova Therapeutics. Recent press releases describe Mallinckrodt as a global specialty pharmaceutical company with a Brands business focused on autoimmune and rare diseases and a Par Health business that includes generic drugs, sterile injectables and active pharmaceutical ingredients.
News items for MNK include announcements on corporate transactions, such as the completion of the merger between Mallinckrodt and Endo, Inc., and the spin-off of the combined generics and sterile injectables businesses under the Par Health name. These releases also explain that, moving ahead, Mallinckrodt will be known as Keenova Therapeutics, a branded therapeutics company focused on helping patients with rare or unaddressed conditions.
Investors and followers of MNK can find updates on financial results, including quarterly net sales and segment performance for Specialty Brands, Generics and Sterile Injectables as reported by the company. Other news covers developments in key branded products, such as Acthar Gel and XIAFLEX, as well as communications about clinical and medical affairs activities, including data presentations related to TERLIVAZ for hepatorenal syndrome.
Additional coverage includes leadership and governance announcements, such as board appointments and executive changes, along with guidance and commentary on the company’s strategy around its Brands and Par Health businesses. For users tracking MNK, this news feed provides a central view of the company’s own disclosures on its therapeutic focus, portfolio evolution, corporate structure and branded transition to Keenova Therapeutics.
Summary not available.
Summary not available.
Summary not available.
Mallinckrodt plc (NYSE: MNK), a global specialty pharmaceutical company, will announce its first quarter 2023 earnings results on May 9, 2023. The earnings release will cover the financial period ending March 31, 2023. Investors can participate in a conference call scheduled for 8:30 a.m. ET on the same day. Mallinckrodt's operations include the development and distribution of specialty pharmaceutical products focusing on autoimmune and rare diseases, as well as specialty generics.
For further details, investors can access the call registration and audio webcast links provided in the press release. The company is committed to providing timely information through its website.
Mallinckrodt plc (NYSE American: MNK) announced its presentation of two scientific abstracts at the 2023 National Kidney Foundation Spring Clinical Meeting (NKF SCM) in Austin, TX. The abstracts focus on the clinical and health economic outcomes of TERLIVAZ (terlipressin) for adult patients with hepatorenal syndrome (HRS), a serious condition causing rapid kidney function reduction. One abstract evaluates treatment costs for HRS patients, while the other analyzes serum creatinine reduction linked to clinical outcomes. TERLIVAZ is the first FDA-approved treatment to improve kidney function in HRS patients, affecting 30,000 to 40,000 Americans annually. Mallinckrodt aims to raise awareness about HRS's clinical and economic challenges during the meeting.
Mallinckrodt plc (NYSE: MNK) announced findings from a retrospective analysis indicating that Acthar Gel significantly reduces corticosteroid use for patients with advanced sarcoidosis compared to other fourth-line treatments. The analysis involved 1,361 patients and was presented at the AMCP 2023 Annual Meeting in San Antonio, Texas, from March 21-24, 2023. Key results revealed that Acthar Gel users exhibited a greater reduction in corticosteroid fills, particularly among those with above-average adherence. The study underscores the importance of treatment adherence for improving patient outcomes in advanced sarcoidosis.
Summary not available.
Summary not available.
The Buxton Helmsley Group, a New York City-based investment advisor, has issued an open letter to Mallinckrodt's board regarding significant findings from its investigation. BHG alleges severe pre- and post-reorganization violations of accounting standards and securities laws, which have drawn the attention of the U.S. Securities and Exchange Commission. The letter outlines failures to record billions in asset depreciation and impairment expenses, linked to the company's pre-existing asset valuation methods. BHG has also reported its findings to U.S. Senators Elizabeth Warren and Sheldon Whitehouse, among others.
The Buxton Helmsley Group, Inc. has released an open letter addressed to U.S. Senators Elizabeth Warren and Sheldon Whitehouse, highlighting financial misconduct at Mallinckrodt (NYSE: MNK). The investigation uncovered a scheme of concealing asset depreciation and impairment expenses, violating GAAP standards. BHG demands the restatement of historical financial statements and write-downs of asset values based on previous standards. The ongoing concealment of financial data under the current CFO was also pointed out. These revelations raise significant concerns about Mallinckrodt's financial practices and transparency.
