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06.17.2009 6:21 pm

Mallinckrodt in licensing deal for Exalgo

St. Louis Post-Dispatch

Covidien’s Mallinckrodt Inc. unit based in Hazelwood has acquired the licensing rights to Exalgo, an extended release formulation of hydromorphone, from a unit of Neuromed Pharmaceuticals Ltd.

Exalgo, an opioid analgesic, is awaiting Food and Drug Administration approval. Financial terms of the deal…

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