Industry news
Mallinckrodt acquires Ikaria Inc. for $2.3 billion and with it Inomax (inhaled nitric oxide).
Mallinckrodt plc, a leading specialty biopharmaceutical company, announced that it has completed its acquisition of Ikaria, Inc. at a purchase price of approximately $2.3 billion. The Ikaria acquisition extends Mallinckrodt's footprint in the hospital market and expands its reach into neonatal critical care with Inomax (inhaled nitric oxide), a vital treatment option for a highly vulnerable patient population. It also accelerates Mallinckrodt's rapid growth in specialty brands -- adding significant portfolio diversity with a high-value, high-margin integrated drug-device-service product offering.