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Like Seeks Out Like: Endo And Mallinckrodt Plan To Merge

 
• By Joseph Haas

Both vexed by bankruptcies and opioid litigation, Endo and Mallinckrodt will merge in a deal valued at $6.7bn. The new company will spin out its generics and sterile injectable business.

Company merger
The Endo/Mallinckrodt combination is valued at an estimated $6.7bn • Source: Shutterstock

Two companies of similar economic scale and each with its own troubled financial history revealed plans to merge on 13 March, as privately held Mallinckrodt and publicly traded Endo will combine into a specialty pharma expected to yield $3.6bn in pre-tax earnings in 2025. Both have survived recent bankruptcy filings and lawsuits related to the opioid crisis in getting to this milestone.

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