Irish drugmaker buys Questcor Pharma for $5.6B

04/8/2014 | Reuters · Los Angeles Times (tiered subscription model)

Irish firm Mallinckrodt agreed to pay approximately $5.6 billion to acquire Questcor Pharmaceuticals as part of a strategy to strengthen its presence in the specialty-drugs market. The deal will give Mallinckrodt rights to Questcor's chronic autoimmune and inflammatory drugs including Acthar Gel, which is approved in the U.S. for 19 conditions including multiple sclerosis and is expected to generate $1.9 billion in sales in 2018. The acquisition "will substantially increase the scale, diversification, cash flow and profitability of our business," Mallinckrodt CEO Mark Trudeau said.

View Full Article in:

Reuters · Los Angeles Times (tiered subscription model)

Published in Briefs:

SmartBrief Job Listings for Health Care

Job Title Company Location
Assistant General Counsel/Senior Corporate Counsel
Genentech
South San Francisco, CA
Senior Analyst Compliance
Edwards Lifesciences
Irvine, CA
Legal Counsel
Alcon
Fort Worth, TX
Director, Senior Legal Counsel
Alcon
Fort Worth, TX
Corporate Counsel - Healthcare Law Group
Genentech
South San Francisco, CA