Mallinckrodt ADHD Drug Hits FDA Trouble; Stock Drops

By | November 13, 2014

Scalper1 News

Specialty drugmaker Mallinckrodt (MNK) said Thursday that the FDA is no longer recognizing its generic ADHD drug as equivalent to the original, which would essentially knock it out of the market. Mallinckrodt was down 5.5% in morning trading in the stock market today, near 88. Malinckrodt stock touched an all-time high near 96 on Nov. 5. The drug in question, methylphenidate ER, is a generic version of Concerta, Johnson & Johnson’s (JNJ) Scalper1 News

Scalper1 News