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Covidien’s Mallinckrodt To Buy CNS Therapeutics For $100M

This article was originally published in The Pink Sheet Daily

Executive Summary

Covidien’s pharmaceutical arm Mallinckrodt has announced its plans to acquire St. Paul, MN-based CNS Therapeutics for $100 million. The acquisition will complement Mallinckrodt’s own generic pain therapeutic offerings. Mallinckrodt is on track to be spun out of Covidien in mid-2013.

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