Medtech Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Mallinckrodt to pay up to $47.5 mil. in expanded pact with Molecular Biosystems.

This article was originally published in The Gray Sheet

Executive Summary

MALLINCKRODT INVESTING UP TO $47.5 MIL. IN MOLECULAR BIOSYSTEMS to support commercialization of FS069, a next generation version of MBI's Albunex ultrasound contrast imaging agent. Under the agreement, announced Sept. 7, Mallinckrodt will buy $13 mil. of MBI stock for $11.62 per share, raising its stake in the company to 10%. Mallinckrodt also will provide $20 mil. over four years to fund FS069 clinical trials and "associated product development." An additional $14.5 mil. for milestone payments and "further clinical funding" could bring the total value of the deal to $47.5 mil.

You may also be interested in...



Big Pharma BD Execs Tell Start-Ups: Don’t Be Afraid To Ask Us For Help

Business development leaders and venture capital investors spoke at Biocom’s annual partnering conference about what they are seeking in relationships with entrepreneurs and start-ups.

Transformation Into Viatris Not Seen As The Solution Mylan Needs

Mylan’s full year 2019 earnings report was its last as an independent company, so the focus was on the coming merger with Pfizer’s Upjohn and growth prospects for the new company, Viatris.

HBW Product Launches: VitaFusion Goodness, Colgate Zero, Tom’s Prebiotic, Gaia Hemp & Herb

Colgate Zero toothpastes and mouthwashes promote what’s missing; Tom’s of Maine natural personal care expands with prebiotic toothpaste, deodorant and hand soap; Gaia adds hemp to its herbs; and Church & Dwight goes environmentally friendly with VitaFusion Goodness supplements, adds CBD versions to line, too.

UsernamePublicRestriction

Register

MT004685

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel