Drugmaker Endo Says Bankruptcy Likely Imminent -- WSJ

Dow Jones

2022/08/09

By Alexander Gladstone

Endo International PLC, the pharmaceutical manufacturer facing thousands of lawsuits alleging it fueled the opioid addiction crisis, said Tuesday that it is likely to file for bankruptcy imminently.

The company said that it is in negotiations with a group of senior lenders that it expects will result in an agreement for a chapter 11 filing. Endo also said that it is in discussions with opioid litigants as well as other creditors but didn't say that it has reached a proposed deal with them.

The Wall Street Journal reported last month that Endo was moving toward filing for bankruptcy without an agreement in place with the various states, municipalities, and private plaintiffs suing the company for its role in producing and distributing opioids. Endo has denied liability in connection with the opioid crisis.

Write to Alexander Gladstone at alexander.gladstone@wsj.com

$(END)$ Dow Jones Newswires

August 09, 2022 09:32 ET (13:32 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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Endo also said that it is in discussions with opioid litigants as well as other creditors but didn't say that it has reached a proposed deal with them. \n</p>\n<p>\n     The Wall Street Journal reported last month that Endo was moving toward filing for bankruptcy without an agreement in place with the various states, municipalities, and private plaintiffs suing the company for its role in producing and distributing opioids. Endo has denied liability in connection with the opioid crisis. \n</p>\n<p>\n     Write to Alexander Gladstone at alexander.gladstone@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  August 09, 2022 09:32 ET (13:32 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4007","symbol_name":"製藥","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2258286285","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2258286285","pubTimestamp":1660051920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Endo International PLC, the pharmaceutical manufacturer facing thousands of lawsuits alleging it fueled the opioid addiction crisis, said Tuesday that it is likely to file for bankruptcy imminently.The company said that it is in negotiations with a group of senior lenders that it expects will result in an agreement for a chapter 11 filing. Endo also said that it is in discussions with opioid litigants as well as other creditors but didn't say that it has reached a proposed deal with them.The Wal","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4007":"制药","BK4557":"大麻股"},"translate_title":"制药商Endo称破产可能迫在眉睫--WSJ","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ENDP":0.9,"END":1},"content_text":"By Alexander Gladstone \n\n\n \n\n\n     Endo International PLC, the pharmaceutical manufacturer facing thousands of lawsuits alleging it fueled the opioid addiction crisis, said Tuesday that it is likely to file for bankruptcy imminently. \n\n\n     The company said that it is in negotiations with a group of senior lenders that it expects will result in an agreement for a chapter 11 filing. Endo also said that it is in discussions with opioid litigants as well as other creditors but didn't say that it has reached a proposed deal with them. \n\n\n     The Wall Street Journal reported last month that Endo was moving toward filing for bankruptcy without an agreement in place with the various states, municipalities, and private plaintiffs suing the company for its role in producing and distributing opioids. Endo has denied liability in connection with the opioid crisis. \n\n\n     Write to Alexander Gladstone at alexander.gladstone@wsj.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  August 09, 2022 09:32 ET (13:32 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}