Mallinckrodt PLC (MNK) - NYSE
  • Oct. 7, 2014, 8:33 AM
    • Danish biopharmaceutical firm Forward Pharma A/S (NASDAQ:FWP) is set for an IPO of 9.5M American Depository Shares at $20 - 22.
    • Its lead product is FP187, a proprietary formulation of dimethyl fumarate (DMF) for the treatment of multiple sclerosis (MS), about to enter Phase 3 development.
    • Meaningful revenues appear far in the distance, however. Patient recruitment for FP187's Phase 3 trial will take at least 18 months and the completion of the last patient's 48-week treatment will take a total of 30 months.
    • The firm's operating losses for 2013 and 1H 2014 were $9M and $7.4M, respectively.
    • F-1
    • MS-related tickers: (NASDAQ:BIIB) (NYSE:ABBV) (NYSEMKT:SYN) (NASDAQ:CNCE) (NYSE:SNY) (NASDAQ:XNPT) (NASDAQ:INO) (NASDAQ:OPXA) (NYSE:TEVA) (NASDAQ:ALKS) (NASDAQ:RCPT) (NASDAQ:AVNR) (NASDAQ:GCVRZ) (NYSE:NVS) (NASDAQ:QCOR)
    | Oct. 7, 2014, 8:33 AM
  • Oct. 1, 2014, 10:37 AM
    • Zogenix (ZGNX +4.3%) submits a supplemental New Drug Application to the FDA for an abuse deterrent version of Zohydro ER (hydrocodone bitartrate). The new capsule formulation contains additional inactive ingredients that make the product more difficult to abuse by injection and nasal insufflation (snorting).
    • The company anticipates a target action date sometime in Q1 2015. If approved, the transition to the new formulation will occur in Q2.
    • Related tickers: (MNK -1%)(ACT -2%)(TEVA -0.5%)(ABBV -0.9%)(LCI -4%)(ALKS -2.4%)(PFE -1.4%)
    | Oct. 1, 2014, 10:37 AM
  • Sep. 25, 2014, 5:35 PM
    • Top gainers, as of 5:15 p.m.: PRGS +7.6%. NKE +6.2%. STV +5.7%. DMND +5.2%. WLT +4.2%.
    • Top losers, as of 5:15 p.m.: XIN -3.4%. BAX -2.2%. MNK -1.9%. DRD -1.9%. SPRT -1.8%.
    | Sep. 25, 2014, 5:35 PM | 2 Comments
  • Sep. 4, 2014, 10:26 AM
    • In a slam dunk Phase 3 clinical trial, Mallinckrodt's (MNK +1.7%) opioid analgesic product candidate MNK-155 (7.5 mg hydrocodone and 325 mg acetaminophen) achieves its primary endpoint of improved pain scores versus placebo over the first 48 hours following bunionectomy (bunion removal).
    • If a hydrocodone formulation can't beat placebo in relieving pain then something is bad wrong.
    | Sep. 4, 2014, 10:26 AM | 2 Comments
  • Sep. 3, 2014, 10:01 AM
    • Mallinckrodt (MNK +1.9%) reports data from a Human Abuse Liability (HAL) study comparing the abuse-related effects of intact and crushed MNK-155, the company's generic version of Vicodin (hydrocodone bitartrate/acetaminophen) to branded Vicodin (ABBV +0.3%).
    • In the HAL study, MNK-155 demonstrated statistically significant lower measures (p < 0.001) of drug liking, drug high and good drug effects compared to equivalent doses of Vicodin when measured at the peak drug effect. Mallinckrodt plans to present the data at this week's PAINWeek 2014 conference in Las Vegas, NV.
    • The immediate- and extended-release components formulated into MNK-155 are patent protected.
    • The company's NDA for MNK-155 is currently under FDA review.
    | Sep. 3, 2014, 10:01 AM
  • Aug. 22, 2014, 9:17 AM
    • Mallinckrodt (NYSE:MNK) announces the following executive changes pursuant to the Questcor (NASDAQ:QCOR) acquisition:
    • SVP and Chief Strategy Officer Gary Phillips, M.D. appointed as SVP and President of Autoimmune and Rare Disease business (includes the commercial organization supporting H.P. Acthar Gel).
    • Questcor SVP and Chief Compliance Officer Ray Furey appointed as SVP and Chief Compliance Officer at Mallinckrodt.
    • Both executives will report to CEO Mark Trudeau. A search is underway for a Chief Strategy Officer.
    | Aug. 22, 2014, 9:17 AM
  • Aug. 22, 2014, 5:00 AM
    • The DEA has reclassified hydrocodone combination drugs to stem a rise in their abuse, and will now label them in a category reserved for medical substances with the highest potential for harm.
    • The move has been resisted by many drug makers and wholesalers, but others like Mallinckrodt (NYSE:MNK) support it and say it will have no significant impact on their business.
    • Major makers of hydrocodone combination drugs include Actavis (NYSE:ACT), Teva (NYSE:TEVA), AbbVie (NYSE:ABBV), Zogenix (NASDAQ:ZGNX), Lannett (NYSE:LCI), and Alkermes (NASDAQ:ALKS).
    | Aug. 22, 2014, 5:00 AM | 19 Comments
  • Aug. 20, 2014, 5:35 PM
    | Aug. 20, 2014, 5:35 PM | 1 Comment
  • Aug. 14, 2014, 7:10 PM
    • S&P MidCap 400 constituent Mallinckrodt (MNK +1.8%) will become the newest member of the S&P 500 after the close of trading on Monday, August 18.
    • Shares are up 2% AH on modest volume.
    | Aug. 14, 2014, 7:10 PM | 1 Comment
  • Aug. 7, 2014, 9:21 AM
    | Aug. 7, 2014, 9:21 AM | 2 Comments
  • Aug. 7, 2014, 7:30 AM
    • Mallinckrodt (MNK -1.7%) fiscal Q3 results: Net Sales: $653.1M (+14.6%); Gross Profit: $284.3M (+7.0%); Operating Loss: ($4.4M) (-633.3%); Net Loss: ($24.1M) (+13.6%); Loss Per Share: ($0.41) (+14.6%); Quick Assets: $327.9M (+19.0%): CF Ops (9 mo.): $168.1M (+999%).
    • Fiscal 2014 Guidance: Net sales: $2.35B from $2.45B from $2.28 - 2.38B; Specialty Pharma sales: $1.425B - 1.500B from $1.38B - 1.43B; Global Medical Imaging sales: $850M - 900M (unch); Methylphenidate sales: at least $190M from at least $160M; non-GAAP EPS: $4.00 - 4.30 from $3.30 - 3.60.
    | Aug. 7, 2014, 7:30 AM | 7 Comments
  • Aug. 7, 2014, 7:14 AM
    • Mallinckrodt (NYSE:MNK): FQ3 EPS of $1.20 beats by $0.35.
    • Revenue of $653.1M (+14.6% Y/Y) beats by $374.3M.
    | Aug. 7, 2014, 7:14 AM
  • Aug. 6, 2014, 5:30 PM
  • Aug. 4, 2014, 10:26 AM
    • The FDA approves Lannett Company's (LCI +4.1%) generic oxycodone 5 mg. Product shipments will commence in the next several months.
    • Related tickers: (ZGNX -4.3%) (TEVA -0.5%) (MNK +0.3%) (ALKS -0.6%)
    | Aug. 4, 2014, 10:26 AM | 1 Comment
  • Jul. 24, 2014, 10:23 AM
    • Questcor (QCOR +0.8%) Q2 results: Net Sales: $278.8M (+51.0%), Pharmaceuticals: $261.4M (+47.7%); COGS: $23.2M (+34.9%); Gross Profit: $255.7M (+52.7%); R&D Expense: $22.0M (+80.3%); SG&A Expense: $83.6M (+63.9%); Operating Income: $147.8M (+43.4%); Net Income: $96.4M (+39.5%); EPS: $1.54 (+37.5%); Quick Assets: $392.8M (+60.3%).
    • Acthar vials shipped: 8,850 (+25.5%); new paid Acthar prescriptions: 2,775 - 2,800 (+~23%), new paid Nephrotic Syndrome prescriptions: 480 - 490 (+~20%).
    • No guidance given.
    | Jul. 24, 2014, 10:23 AM | 2 Comments
  • Jul. 24, 2014, 9:14 AM
    • Questcor Pharmaceuticals (NASDAQ:QCOR): Q2 EPS of $1.85 beats by $0.11.
    • Revenue of $278.8M (+42.2% Y/Y) beats by $17.78M.
    | Jul. 24, 2014, 9:14 AM | 3 Comments
Company Description
Mallinckrodt Plc is a global specialty pharmaceuticals company. It develops, manufactures, markets and distributes both branded and generic specialty pharmaceutical products and medical imaging agents. The company operates its business through two segments: Specialty Pharmaceuticals and Global... More
Sector: Healthcare
Industry: Medical Instruments & Supplies
Country: Ireland