Pharma BD Deal Intelligence

Mallinckrodt plc / Questcor Pharmaceuticals, Inc.

2014 · Acquisition/Merger · $5.6B · Complete

CALLED IT — OFF BY 5
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Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

Apr 07, 2014 FiercePharma Neutral

FiercePharma framed the deal as 'Mallinckrodt bets $5.6B on Questcor and its controversial Acthar drug,' explicitly flagging the pricing-scrutiny and…

Jun 29, 2018 CNN Bearish

CNN investigation documented >$2B in Medicare spend on Acthar paired with millions in physician payments, surfacing the political and reputational tail risks…

Aug 08, 2018 Fox Business Bearish

Mallinckrodt shares 'skidded' after the company cut Acthar revenue guidance, validating earlier analyst skepticism that the $5.6B Questcor thesis was…

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

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Mallinckrodt agreed to acquire Questcor for approximately $5.6B in cash and stock ($30 cash plus 0.897 Mallinckrodt shares per Questcor share), centering the deal on Acthar Gel, which generated $761M in 2013 net sales. The transaction closed August 14, 2014 at a final value of approximately $5.8B and later drew federal scrutiny over Acthar pricing.

Did it work? Outcome assessment

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

Key facts

Related deals — scored

DealYearValueOutcome
Mallinckrodt plc / Questcor Pharmaceuticals, Inc. (this deal)2014$5.6B18
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 / InfaCare Pharmaceutical Corporation2017$425M12
Amgen Inc. / Immunex Corporation2002$16.0B92

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