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Mallinckrodt says its acute pain drug met primary endpoints in Phase III testing

  • Mallinckrodt (MNK +2.3%) trades up after saying its investigational drug MNK-795 showed statistically significant improvement in pain scores compared to a placebo during Phase III testing for treatment of acute pain following bunion removals.
  • The drug's New Drug Application was accepted by the FDA in July and granted priority review.
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