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Why Endo Stock Is Crashing Today

TheMotleyFool

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Shares of Endo International (NASDAQ: ENDP) were crashing 28.6% lower as of 11:07 a.m. EDT on Friday. The big decline came after The Wall Street Journal reported that the drugmaker has engaged Alvarez & Marsal to look into a potential financial restructuring.

The report of a potential restructuring is only the latest of woes Endo has faced related to a flood of opioid-related lawsuits. The pharmaceutical stock had already plunged 66% year to date before today's drop.

Image source: Getty Images.

Source Fool.com

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