Mallinckrodt To Acquire Questcor For $5.6 Billion

Courtesy of Creative Commons
Courtesy of Creative Commons

Dublin-based pharmaceutical company Mallinckrodt, which has its U.S. headquarters in St. Louis, announced that it has agreed to acquire California-based drug maker Questcor Pharmaceuticals Inc.

Mallinckrodt plans to spend $5.6 billion in cash and stock, and finish the acquisition in the third quarter. By that time, Mallinckrodt shareholders are expected to own 50.5 percent of the combined company’s stock.

Questcor generated net sales of $761.3 million from Acthar in 2013. Mallinckrodt hopes the deal can boost its specialty pharmaceutical brands.

Read more from the St. Louis Business Journal

Tags:, , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students