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Mallinckrodt reports Q3 profit, partly on acquired products


Mark Gilliland Photography

Mark Trudeau, CEO and president of Mallinckrodt

Mallinckrodt reported higher third-quarter profit and sales Tuesday, which it attributed to products it acquired this year and last year.

Net sales totaled $965.1 million, up from $653.1 million in the third quarter of 2014. Net income totaled $58 million compared with a loss of $24.1 million in the prior-year quarter.

The company, which is based in Ireland but has its North American headquarters in St. Louis, attributed the growth to its portfolio of H.P. Acthar Gel...