Mallinckrodt soaring as terlipressin hits Ph III goal

15 August 2019

UK-incorporated Mallinckrodt (NYSE: MNK) got a boost in pre-market US trading after it announced that its terlipressin had hit the main goal of a late-stage study, with the stock, which has tumbled nearly 70% over the past three months, soaring as much as 20% in early trading.

Mallinckrodt announced positive top-line results from its pivotal Phase III CONFIRM clinical study evaluating the efficacy and safety of terlipressin in 300 adults with hepatorenal syndrome type 1 (HRS-1).

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