JPMorgan Starts Mallinckrodt plc (MNK) at Neutral

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Mallinckrodt plc (MNK) Target Lifted to $77 at Jefferies

March 14, 2014 6:45 AM EDT

Jefferies analyst Anthony Petrone reiterated a Buy rating and lifted his price target on Mallinckrodt plc (NYSE: MNK) from $66 to $77.

Analyst Anthony Petrone said, "Lack of abuse deterrence in label does not dramatically alter our near-term outlook for the product;... More

Depomed (DEPO) Reports FDA Approval of XARTEMIS XR NDA

March 12, 2014 9:02 AM EDT

Depomed, Inc. (Nasdaq: DEPO) announced that the U.S. Food and Drug Administration (FDA) approved Mallinckrodt plc's (NYSE: MNK) New Drug Application (NDA) for XARTEMIS XR (oxycodone hydrochloride and acetaminophen) Extended-Release Tablets (CII), previously known as MNK-795, for the management of acute pain severe enough to require opioid treatment and in patients for whom alternative... More