Announced
Financials
Tags
ophthalmology
Majority
Friendly
Pending
gastroenterology services
Pharmaceuticals
United States
Acquisition
Cross Border
Public
Single Bidder
Synopsis
Mallinckrodt, a global specialty pharmaceutical company, agreed to acquire Sucampo Pharmaceuticals, a pharmaceutical company, for $1.2bn. "Mallinckrodt's acquisition of Sucampo is the latest milestone towards our vision of becoming an innovation-driven specialty pharmaceutical growth company focused on improving outcomes for patients with severe and critical conditions. The acquisition brings near-term net sales and earnings accretion through AMITIZA and bolsters our pipeline in rare diseases with VTS-270 and CPP-1X/sulindac. We look forward to adding the Sucampo portfolio and welcoming members of its team to Mallinckrodt," Mark Trudeau, Mallinckrodt CEO and President.
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