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Mallinckrodt Inc. Create: Alert

All | News | Filings
Date FiledTypeDescription
05/21/2019 8-K Other Events, Financial Statements and Exhibits
Docs: "Mallinckrodt Files Suit against U.S. Department of Health and Human Services and Centers for Medicare and Medicaid Services to Protect Medicaid Patient Access to Acthar® Gel — Company challenges CMS' unexplained and unlawful reversal of its repeated 2012 written authorizations on calculation of Medicaid Rebates for Acthar Gel — — After extensive efforts to resolve matter, Mallinckrodt seeks Court intervention to ensure that CMS follows Administrative Procedure Act and other legal requirements — — Without Court intervention, Acthar Gel Medicaid net sales, currently ~10% of total, would be eliminated by CMS' decision, placing drug's previous net sales 2019 guidance of >$1.0 billion at risk, with the potential for retroactive non-recurring charges of $0 to $600 million — Company plans vigorou..."

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