Opioid Drug Maker Mallinckrodt Files for US Bankruptcy Protection

Opioid Drug Maker Mallinckrodt Files for US Bankruptcy Protection
Bottles of prescription painkillers Oxycodone Hydrochloride, 30mg pills, made by Mallinckrodt sit on a counter at a local pharmacy, in Provo, Utah, on April 25, 2017. George Frey/Reuters
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Mallinckrodt filed for bankruptcy protection on Monday, saddled with lawsuits alleging it helped fuel the U.S. opioid epidemic.

Adding to its woes, the company in March also lost a court battle to avoid paying higher rebates to state Medicaid programs for its top-selling drug.