Covidien pharmaceutical business completes acquisition of CNS Therapeutics Mallinckrodt, the Pharmaceuticals business of Covidien, announced that it has completed its acquisition of CNS Therapeutics for approximately $100M. CNS is a privately held specialty pharmaceuticals company focused on developing and commercializing products for site-specific administration to the central nervous system to treat neurological disorders and intractable chronic pain. Covidien does not expect this transaction to have a material impact on its fiscal 2013 sales or earnings per share. Covidien will report the CNS Therapeutics business in the Specialty Pharmaceuticals product line within the Pharmaceuticals segment.
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