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Baxter International has acquired two hemostat and sealant products from Mallinckrodt — Recothrom Thrombin topical (recombinant) and Preveleak Surgical Sealant that is used in vascular reconstruction. Under the transaction, Baxter paid an upfront payment of $153 million and agreed to potential contingent payments in the future.
H. Lundbeck has agreed to pay $123 million to acquire Prexton Therapeutics, a 2012 spinout from Merck, and its Phase 2 treatment for Parkinson’s disease, foliglurax. The therapy is being evaluated for the symptomatic treatment of off-time reduction in Parkinson’s disease and dyskinesia including levodopa-induced dyskinesia.
Platinum Equity has agreed to purchase Johnson & Johnson’s LifeScan unit for $2.1 billion. LifeScan manufactures and markets blood glucose monitoring products for the diabetes market.