January 18, 2017 / 8:37 PM / in 8 months

CORRECTED-BUZZ-Mallinckrodt Plc: Confirms settlement with FTC

(Corrects last bullet to say stock lost nearly “a fourth of its value” not “gained more than a third of its value in the past 12 months”)

** Drugmaker’s shares up 0.4 pct at $49.63 after it resumes trading

** Shares had earlier fallen as much as 13.7 pct to $42.67, lowest in more than 3 years

** FTC preparing to file charges against company - NY Post (nyp.st/2jotRBp)

** Mallinckrodt confirms has entered into settlement with FTC staff

** Endo International and Valeant also down

** Shares of Lannett Co Inc, which markets an attention deficit hyperactivity disorder drug along with Mallinckrodt, fell as much as 3.6 pct

** Up to Tuesday’s close, MNK had lost nearly a fourth of its value in the past 12 months

0 : 0
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