Mallinckrodt considers sale of generic drug unit: 4 things to know

Mallinckrodt Pharmaceuticals is looking to divest its generic drug business, unnamed sources told Reuters.

Here are four things to know.

  1. Mallinckrodt hired investment bank Credit Suisse Group to launch a sales process for the generic drug unit, sources told Reuters Tuesday.

  1. The sources — who note the sales talks do not guarantee a divestiture — said a deal could be worth up to $2 billion, according to the report.

  1. The deal would align with Mallinckrodt's efforts to shift focus away from generics to its portfolio of branded specialty drugs, which generate the majority of its revenues, reports Reuters.

  1. Mallinckrodt and Credit Suisse declined Reuters' request for comment.

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