US drugmaker Mallinckrodt to go bankrupt for second time in three years

Mallinckrodt previously filed for bankruptcy in October 2020

Former Tánaiste Joan Burton at a 2015 announcement by Mallinckrodt of a new manufacturing facility in Blanchardstown. Picture: Conor McCabe

Mallinckrodt Plc plans to file bankruptcy for the second time in less than three years after battling business declines and struggling to keep up with payments on a $1.7 billion settlement resolving a wave of lawsuits accusing the drugmaker of fuelling the US opioid epidemic.

The 156-year-old company plans to file for Chapter 11 protection in Delaware in the coming days, it said in a filing. Mallinckrodt has struck a tentative restructuring deal with creditors ...