Pharma BD Deal Intelligence

Mallinckrodt plc / InfaCare Pharmaceutical Corporation

2017 · Acquisition/Merger · $425M · Complete

CALLED IT — OFF BY 1

Total loss: stannsoporfin was rejected by FDA and fully written off within two years of closing, with zero product revenue ever generated

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The coverage arc

Aug 23, 2017 BioPharma Dive Neutral

Mallinckrodt agreed to acquire InfaCare and stannsoporfin to expand its hospital and specialty franchise; the heavily milestone-weighted $425M structure…

Aug 22, 2018 FierceBiotech Bearish

FDA issued a Complete Response Letter for stannsoporfin following a 21-3 advisory committee vote against approval, citing insufficient evidence of…

Aug 23, 2018 PharmaTimes Bearish

Stannsoporfin's FDA rejection following the unfavorable AdComm vote effectively closed the path to a near-term first-in-class neonatal jaundice drug, leaving…

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

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Mallinckrodt agreed to acquire InfaCare Pharmaceutical, gaining stannsoporfin, a Phase 3 heme oxygenase inhibitor in development for severe neonatal hyperbilirubinemia. Deal structure: $80M upfront plus up to $345M in development, regulatory and sales-based milestones (~$425M aggregate). The deal expanded Mallinckrodt's hospital/specialty franchise. Stannsoporfin later faced an FDA refuse-to-file letter.

Did it work? Outcome assessment

Total loss: stannsoporfin was rejected by FDA and fully written off within two years of closing, with zero product revenue ever generated

Strategic verdict
Failed to Achieve
Financial impact
Impaired/Written Down
Pipeline outcome
Assets Terminated

Key facts

Related deals — scored

DealYearValueOutcome
Mallinckrodt plc / InfaCare Pharmaceutical Corporation (this deal)2017$425M12
Mallinckrodt plc / Cadence Pharmaceuticals, Inc.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
Watson Pharmaceuticals (Actavis Inc.) / Actavis plc2012$5.9B97

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