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Mallinckrodt Creating Two Companies: Generics And Innovative Specialty Drugs

 
• By Jessica Merrill

The company, which makes generic opioid products and the controversial Acthar Gel, is looking to chart a new course for the future – or make that two new courses.

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Mallinckrodt PLC will soon begin operating as two independent publicly traded companies – an innovative specialty drug marketer, and a generic and active pharmaceutical ingredient developer. That's after the company announced plans to spin out its specialty generics and API business Dec. 6, pending final board approval. The spin-out is expected to be completed in the second half of 2019.

The decision is part of a strategy to position some of the business into a new pure-play specialty pharmaceutical company,...

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