Mallinckrodt snaps up pediatric jaundice candidate in deal worth potential $425 million
US specialty biopharmaceutical firm Mallinckrodt (NYSE: MNK) is to acquire InfaCare Pharmaceutical in a deal that could add up to $425 million.
Philadelphia-based InfaCare is a privately-held specialty pharma company focused on development and commercialization of proprietary pharmaceuticals for neonatal and pediatric patient populations. Its developmental product stannsoporfin, a heme oxygenase inhibitor, is under investigation for its potential to reduce the production of bilirubin, the elevation of which can contribute to serious consequences in infants.
"We believe stannsoporfin has the potential to help thousands of infants whose severe jaundice is unresolved by current treatments"
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