Mallinckrodt agrees to buy VC-backed Cadence Pharmaceuticals for $1.3 bln
Mallinckrodt plc has agreed to acquire Cadence Pharmaceuticals for $14 per share or approximately $1.3 billion. Deutsche Bank Securities is advising Mallinckrodt on the transaction while Lazard and Centerview Partners are advising Cadence Pharmaceuticals. Based in San Diego, Cadence is a biopharmaceutical company. Its backers include Domain Associates, Frazier Healthcare Ventures, Wellington Management, Versant Ventures, Bay City Capital and NEA.
11 February 2014•7 mins read
