Mallinckrodt seeks court approval to sell Vtesse assets to Mandos

By Sarah Lizee

Olympia, Wash., May 20 – Mallinckrodt plc is seeking court approval to sell its Vtesse assets to Mandos LLC for $1 million, according to a motion filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The purchase price is $1 million plus assumed liabilities.

A hearing is scheduled for June 9.

Dublin-based Mallinckrodt develops, manufactures, markets and distributes specialty pharmaceutical products and therapies. The company filed Chapter 11 bankruptcy on Oct. 12, 2020 under case number 20-12522.

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