{"id":23729,"date":"2023-06-16T22:38:09","date_gmt":"2023-06-17T02:38:09","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/mallinckrodt-stock-soars-after-disclosure-that-200-million-opioid-settlement-payment-was-delayed-by-a-week\/"},"modified":"2023-06-16T22:38:10","modified_gmt":"2023-06-17T02:38:10","slug":"mallinckrodt-stock-soars-after-disclosure-that-200-million-opioid-settlement-payment-was-delayed-by-a-week","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=23729","title":{"rendered":"Mallinckrodt stock soars, after disclosure that $200 million opioid-settlement payment was delayed by a week"},"content":{"rendered":"
\n

Shares of Mallinckrodt PLC
\n MNK,
\n +47.13%<\/bg-quote>
\n shot up 26.5% in afternoon trading, after the drug maker said it reached an agreement to delay a $200 million opioid-settlement payment by a week. The stock\u2019s rally comes after it closed Thursday below the $1 mark for the first time, at 87 cents. The opioid-settlement payment to the Opioid Master Disbursement Trust II, which was due June 16, pushed back to June 23. The company said it was \u201cactively \u00a0evaluating the Company\u2019s\u00a0capital needs in light of its obligations under its opioid settlement and its long-term debt,\u201d and was engaged in discussions with various stakeholders about its options, which potentially could include a bankruptcy filing. On Thursday, the company decided to not make interest payments on two senior-secured notes that were due that day. The stock has plunged 87.0% over the past three months, while the S&P 500
\n SPX,
\n -0.37%<\/bg-quote>
\n has gained 11.8%.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Mallinckrodt PLC MNK, +47.13% shot up 26.5% in afternoon trading, after the drug maker said it reached an agreement to delay a $200 million opioid-settlement payment by a week. The stock\u2019s rally comes after it closed Thursday below the $1 mark for the first time, at 87 cents. The opioid-settlement payment to the […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-23729","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nMallinckrodt stock soars, after disclosure that $200 million opioid-settlement payment was delayed by a week | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of Mallinckrodt PLC MNK, +47.13% shot up 26.5% in afternoon trading, after the drug maker said it reached an agreement to delay a $200 million\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=23729\" \/>\n<meta property=\"og:locale\" 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