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Mallinckrodt plc

Drug Names(s): ExpressGraft

Description: ExpressGraft skin substitute is a living, cell-based tissue with the physical, chemical and histological characteristics of human skin. When applied topically to non-healing ulcers, this tissue provides immediate wound closure and is expected to be gradually replaced by the patient’s own cells during the wound healing process. The tissue’s ability to produce a potent immune system protein enables it to actively fight infections that routinely develop at the site of diabetic foot ulcers.

Deal Structure: Mallinckrodt and Stratatech
In August 2016, Mallinckrodt announced that it has entered into a merger agreement with Stratatech Corporation. Financial terms of the transaction were not disclosed.

In September 2016, Mallinckrodt announced it closed the acquisition of Stratatech Corporation.

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