Mallinckrodt: Acthar, Deteriorating Credit Metrics Are Concerning
February 28, 2018 at 09:53 AM EST
MNK produced a Q4 revenue beat, yet revenue still fell 5% Y/Y. Acthar revenue was off 9% Y/Y. This is a cause for concern. Debt/EBITDA rose to 4.8x. It could deteriorate further after the Sucampo deal.
