CALT - Mallinckrodt BLA Submission And Other News: The Good Bad And Ugly Of Biopharma

Mallinckrodt reports BLA submission for StrataGraft, fuels merger speculation

Mallinckrodt (MNK) stock moved up as the market responded to merger rumors for the company. While the name of the likely acquirer is kept under covers, the rumors have helped the company stock, which has seen sharp decline in the recent past. The company has been going through a rough patch as recently it was reported that Mallinckrodt may be considering bankruptcy to manage its litigation related issues.

Mallinckrodt recently reported significant quarterly net loss. While the company managed to post better than expected