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King Inventory Work-Down Plan Goal Is 1.5 Months Of On-Hand Product

This article was originally published in The Pink Sheet Daily

Executive Summary

Amendments to inventory management agreements with wholesalers are aimed at reducing levels to 1.5 months by the end of March. Work-down announcement accompanies King’s restatement of financials; Mylan deal remains up in the air with one week to go before walk-away date.

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