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Aptevo Therapeutics, a biotechnology company focused on developing novel immuno-oncology and hematology therapeutics, has completed the sale of three of its marketed products (WinRho SDF, HepaGam B, and Varizig) to Saol Therapeutics for $74.5 million.
Mallinckrodt has acquired InfaCare Pharmaceutical Corp., a privately held specialty pharmaceutical company focused on development and commercialization of proprietary pharmaceuticals for neonatal and pediatric patient populations, for $425 million. If approved, InfaCare's developmental product stannsoporfin is expected to become the first and only pharmacologic option indicated for treating neonates at risk for developing severe jaundice.
Quest Diagnostics has agreed to acquire the Shiel Medical Laboratory business from Fresenius Medical Care for an undisclosed amount. Shiel is a clinical laboratory provider serving the New York-New Jersey metropolitan area. Fresenius Medical Care’s dialysis-related laboratory services business, Spectra Labs, is not affected by the divestiture.