Pharma BD Deal Intelligence

Mallinckrodt plc / Cadence Pharmaceuticals, Inc.

2014 · Acquisition/Merger · $1.4B · Complete

WRONG BY 33 POINTS
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The coverage arc

Feb 11, 2014 Fierce Pharma Bullish

Frames the $14/share, $1.4B Cadence buy as Mallinckrodt's bid to broaden its specialty hospital footprint beyond controlled-substance generics, anchored on…

Feb 12, 2014 Pharmaceutical Technology Bullish

Notes the deal's strategic fit, calling Ofirmev a high-growth differentiated pain product expected to be immediately accretive to Mallinckrodt's FY2014 EPS and…

Aug 21, 2018 Fierce Pharma Bearish

Documents Senate pricing scrutiny of Mallinckrodt's post-acquisition Ofirmev list price hike from $14.75 to $35.40 per vial, raising sustainability questions…

Source summaries from our enrichment pipeline; follow links for originals.

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Mallinckrodt acquired Cadence Pharmaceuticals for $14.00 per share in cash, totaling approximately $1.4B. The deal added IV acetaminophen Ofirmev—on formulary at 2,350+ U.S. hospitals—to Mallinckrodt's specialty hospital portfolio. Tender offer expired March 18 and the deal closed March 19, 2014.

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Key facts

Related deals — scored

DealYearValueOutcome
Mallinckrodt plc / Cadence Pharmaceuticals, Inc. (this deal)2014$1.4B50
Mallinckrodt plc / Therakos, Inc.2015$1.3B48
Mallinckrodt plc / Ikaria, Inc.2015$2.3B37
Mallinckrodt plc / Sucampo Pharmaceuticals, Inc.2017$1.2B19
Mallinckrodt plc / Questcor Pharmaceuticals, Inc.2014$5.6B18
Mallinckrodt plc / InfaCare Pharmaceutical Corporation2017$425M12
Watson Pharmaceuticals (Actavis Inc.) / Actavis plc2012$5.9B97

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