Citron Provides New Proof Why Mallinckrodt is on its way to ZERO

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Express Scripts lets the genie out the bottle!!!!

When Jim Chanos Speaks – Citron Listens.

First Enron, Then Valeant, Now Mallinckrodt.

 

Mallinckrodt is the most reviled company in the pharmaceutical industry.  Its unsavory business practices have only survived in the “post Valeant” era because of the direct business support of Express Scripts, their “co-conspirator”.

Two weeks ago at the SALT conference in Las Vegas, legendary short seller Jim Chanos described this unholy alliance, likening the Express Scripts companies’ role to Valeant’s Philidor.

Express Scripts has been taking so much heat from investors it was forced to throw Mallinckrodt under the bus.  But a typo prevented Wall Street from taking full notice of this sea change in Mallinckrodt’s fortunes.

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