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Why Endo International Stock Is Soaring Today

TheMotleyFool

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Why Endo International Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/c28f6640-54ba-4d2b-afbe-b5fd3b0ee19e.png

Shares of Endo International (NASDAQ: ENDP) are soaring today, up 16.8% as of 11:20 a.m. EDT, after the pharma specialist announced on Thursday evening that it had finalized a settlement agreement with two Ohio counties in opioid-related litigation. The company revealed in August that it had reached a settlement in principle with Cuyahoga and Summit counties.

In addition, Endo announced Friday morning that it has filed for U.S. Food and Drug Administration (FDA) approval of collagenase clostridium histolyticum (CCH) for the treatment of cellulite in the buttocks. The FDA submission was based on positive results from two late-stage clinical studies.

Image source: Getty Images.

Source Fool.com

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