Here are four things to know.
- Mallinckrodt hired investment bank Credit Suisse Group to launch a sales process for the generic drug unit, sources told Reuters Tuesday.
- 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.
- 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.
- Mallinckrodt and Credit Suisse declined Reuters’ request for comment.
More articles on supply chain:
Pharma spent $78M on lobbying so far this year: 4 statistics
Dr. Scott Gottlieb talks drug price strategies, FDA hiring freeze: 4 takeaways
Sawai Pharma to acquire Upsher-Smith’s generic drug unit for $1B
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
