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Mallinckrodt and Endo plan merger as they look to recover from opioid litigation

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Mallinckrodt and Endo International, two pharmaceutical companies heavily impacted by litigation related to the opioid crisis, are reportedly in discussions to merge. This potential merger comes as both companies seek to stabilize their financial standings following significant legal settlements. Mallinckrodt, which recently emerged from bankruptcy, has been dealing with the aftermath of a $1.7 billion settlement for its role in the opioid epidemic, while Endo has also faced substantial legal challenges, including a $50 million settlement with Nevada. The merger talks aim at combining resources to better manage their ongoing legal and financial issues, potentially offering a path to recovery and operational continuity amidst the backdrop of the broader pharmaceutical industry's efforts to address the opioid crisis.

Read the Full MarketWatch Article at:
[ https://www.msn.com/en-us/money/general/mallinckrodt-and-endo-plan-merger-as-they-look-to-recover-from-opioid-litigation/ar-AA1AQiaW ]