Bloomberg Corroborates Benzinga Story On Medicinse Company

Shares of The Medicines Company MDCO continued trading higher on Wednesday. The Medicines Company's stock initially surged higher late Tuesday afternoon. Following the parabolic move on Tuesday, Benzinga reported the move may be attributed to a report by a source who said that Mallinckrodt PLC MNK may be interested in acquiring the company. Analysts at Jefferies also believe that Medicines Company is a likely takeover target. Related Link: Jefferies' Best Biotech Ideas For 2016 (And Beyond) Bloomberg: Medicines Company 'Is Said To Explore A Sale' Bloomberg reported on Wednesday that Medicines Company is exploring a sale of itself. Bloomberg, citing "people familiar with the matter," reported that Medicines Company has reached out to potential acquirers, but no final decision has yet to be made and the company could choose not to pursue a sale.