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Ikaria Acquisition Diversifies And Strengthens Mallinckrodt’s Hospital Care Portfolio

But, with its $2.3 billion purchase price, Mallinckrodt is betting it can withstand a patent challenge to INOmax, an inhaled nitric oxide drug/device combo product, from an industrial gas company.

Acquisition has been the name of the game for Mallinckrodt PLC since being spun out from device maker Medtronic Minimally Invasive Therapies in 2013, and its $2.3 billion purchase of Ikaria Inc. should serve to expand its hospital care portfolio, but only if the specialty pharma can hold off a patent challenge from a company outside the biopharma world.

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