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Finance Watch: Mallinckrodt Bankruptcy Enables Debt, Opioid Pact Payouts

Krystal Sells Priority Review Voucher For $100m

 
• By Mandy Jackson

Public Company Edition: Mallinckrodt entered into a restructuring support agreement with most of its debt holders and will de-list. Also, Aprinoia no longer plans to go public in a SPAC merger and Novartis, Agenus and Aravive revealed job cuts.

Finance Watch Public Company
• Source: Alamy

Less than three years after Mallinckrodt plc filed for bankruptcy protection to reorganize its finances in a manner that would allow for repayment of its debts and payouts under opioid litigation settlements, the company announced on 23 August that it has entered into another restructuring support agreement (RSA) with its debt holders and the Opioid Master Disbursement Trust II, which will be facilitated by bankruptcy proceedings. At the end of the process, it will no longer be a public company.

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