Mallinckrodt to sell Therakos business to CVC
Ireland-incorporated specialty pharma firm Mallinckrodt Pharmaceuticals (NYSE: MNK) has entered into a definitive agreement under which CVC Capital Partners Fund IX will acquire the company's Therakos photopheresis business.
The deal, which carries a purchase price of $925 million, is subject to customary adjustments and is expected to close in the fourth quarter of this year.
Under the terms of the accord, key employees who work on Therakos will transition with the business and continue supporting the product and its stakeholders.
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