News Release
                    
                Mallinckrodt Pharmaceuticals to Unveil First Clinical Data on MNK-795, an Extended-Release Oxycodone and Acetaminophen Combination, at PAINWeek
                
      Data describe a human abuse liability study, delivery profile and
      efficacy of MNK-795
    
    ST. LOUIS--(BUSINESS WIRE)--Aug. 28, 2013--
      Mallinckrodt
      (NYSE: MNK) announced today that the first clinical data on MNK-795 will
      be presented at PAINWeek 2013, to be held September 4-7 in Las Vegas.
      MNK-795 is an extended-release oral formulation of oxycodone and
      acetaminophen that has been studied in clinical trials for the
      management of moderate to severe acute pain where the use of an opioid
      analgesic is appropriate. On July 29, Mallinckrodt announced that the
      U.S. Food and Drug Administration (FDA) accepted for filing the New Drug
      Application for MNK-795 and granted priority review.
    
      The data to be presented include results from a human abuse liability
      (HAL) study comparing certain abuse-related characteristics of intact
      and tampered-with MNK-795 with that of intact and tampered-with Percocet®1
      (an immediate-release oxycodone/acetaminophen formulation); single- and
      multi-dose pharmacokinetic studies that characterize the drug release
      profile with immediate- and extended- release components over the
      12-hour dosing interval; and a study of the compound’s efficacy and
      safety in an acute pain model.
    
      “We are pleased to share the first results from our MNK-795 clinical
      development program which, if approved, could be a critical milestone
      for us as an independent specialty pharmaceuticals company,” said Mark
      Trudeau, President and Chief Executive Officer of Mallinckrodt.
      “Mallinckrodt’s investment in MNK-795 exemplifies our longstanding
      commitment to provide medications for the treatment of patients with
      acute pain.”
    
      Currently, there are no extended-release oxycodone/acetaminophen
      combinations on the market for acute pain. In clinical trials, MNK-795
      has been studied as two tablets dosed every 12 hours. The dosage form
      was designed using technology with both immediate- and extended-release
      components and potentially tamper-resistant properties.
    
      In all, 15 abstracts for MNK-795 will be presented, including the
      following:
    
      Human Abuse Liability/tamper resistance abstracts
    
      - 
        Comparison of Subjective Drug Effects of Orally Administered MNK-795
        Controlled-Release Oxycodone/Acetaminophen Tablets (CR OC/APAP) Versus
        Immediate-Release Oxycodone/Acetaminophen Tablets in Recreational
        Users of Prescription Opioids
      
 
      - 
        Evaluation of the Tamper-Resistant Properties of MNK-795
        Controlled-Release Oxycodone/Acetaminophen (CR OC/APAP) Tablets
      
 
      - 
        Relationship Between Oxycodone Pharmacokinetics and Subjective Drug
        Effects Following Oral Administration of an Immediate-Release
        Combination of Oxycodone and Acetaminophen and MNK-795
        Controlled-Release Oxycodone/Acetaminophen (CR OC/APAP) Tablets
      
 
    
      Pharmacokinetic abstracts
    
      - 
        Comparison of the Pharmacokinetic Profile of a Single Dose of MNK-795,
        a Controlled-Release Oxycodone and Acetaminophen Combination Tablet
        (CR OC/APAP) and Marketed Immediate-Release Opioids and
        Opioid/Acetaminophen Combination Tablets
      
 
      - 
        Comparison of the Pharmacokinetic Profile of MNK-795, a New Oral,
        Controlled-Release Formulation of Oxycodone/Acetaminophen (CR OC/APAP)
        Analgesic at Steady State Versus Marketed Immediate-Release Tablets
      
 
      - 
        Single Dose Pharmacokinetics of 1 and 2 Tablets of MNK-795
        Controlled-Release Oxycodone/Acetaminophen Tablets (CR OC/APAP)
        Compared with Immediate-Release Oxycodone and Acetaminophen
      
 
      - 
        Steady-State Pharmacokinetics of 1 and 2 Tablets of MNK-795, a
        Controlled-Release Oxycodone and Acetaminophen (CR OC/APAP)
        Combination, Compared with Immediate-Release Oxycodone and
        Acetaminophen
      
 
      - 
        Single-Dose Pharmacokinetics, Bioavailability, and Safety of MNK-795,
        a Controlled-Release Oxycodone and Acetaminophen Combination Analgesic
        (CR OC/APAP), Under Fed and Fasted Conditions
      
 
      - 
        Half-Value Duration Analysis for Acetaminophen After Single and
        Multiple Doses of Oral MNK-795 Controlled-Release
        Oxycodone/Acetaminophen (CR OC/APAP) Tablets
      
 
      - 
        Half-Value Duration Analysis for Oxycodone After Single and Multiple
        Doses of Oral MNK-795 Controlled-Release Oxycodone/Acetaminophen (CR
        OC/APAP) Tablets
      
 
      - 
        Dose Proportionality and Linearity of Oxycodone After Single or
        Multiple Oral Doses of MNK-795 Controlled-Release
        Oxycodone/Acetaminophen (CR OC/APAP) Tablets
      
 
      - 
        Dose Proportionality and Linearity of Acetaminophen After Single or
        Multiple Oral Doses of MNK-795 Controlled-Release
        Oxycodone/Acetaminophen (CR OC/APAP) Tablets
      
 
    
      Efficacy and safety abstracts
    
      - 
        A Randomized, Double-Blind, Placebo-Controlled, Phase 3 Study of the
        Safety and Analgesic Efficacy of MNK-795 Controlled-Release
        Oxycodone/Acetaminophen Tablets (CR OC/APAP) in an Acute Pain Model
      
 
      - 
        Open-Label Extension of a Randomized, Double-Blind,
        Placebo-Controlled, Phase 3 Study of the Safety and Analgesic Efficacy
        of MNK-795 Controlled-Release Oxycodone/Acetaminophen Tablets (CR
        OC/APAP) in an Acute Pain Model
      
 
      - 
        Open-Label Safety of MNK-795, Controlled-Release
        Oxycodone/Acetaminophen Tablets (CR OC/APAP) in Patients with
        Osteoarthritis or Chronic Low Back Pain
      
 
    
      About Mallinckrodt
    
      Mallinckrodt is a leading global specialty pharmaceuticals business that
      develops, manufactures, markets and distributes specialty pharmaceutical
      products and medical imaging agents. The Company’s Specialty
      Pharmaceuticals segment includes branded and generic drugs, and the
      Global Medical Imaging segment includes contrast media and nuclear
      imaging agents. Mallinckrodt has approximately 5,500 employees worldwide
      with direct sales in roughly 50 countries and distribution in
      approximately 40 countries. The Company’s 2012 revenue totaled $2.1
      billion. To learn more about Mallinckrodt, visit www.mallinckrodt.com.
    
      FORWARD-LOOKING STATEMENTS
    
      Any statements contained in this communication that do not describe
      historical facts may constitute forward-looking statements as that term
      is defined in the Private Securities Litigation Reform Act of 1995. Such
      forward-looking statements include, but are not limited to, statements
      about future financial condition and operating results, economic,
      business, competitive and/or regulatory factors affecting our business.
      Any forward-looking statements contained herein are based on our
      management's current beliefs and expectations, but are subject to a
      number of risks, uncertainties and changes in circumstances, which may
      cause actual results or Company actions to differ materially from what
      is expressed or implied by these statements. The factors that could
      cause actual future results to differ materially from current
      expectations include, but are not limited to, our ability to receive
      procurement and production quotas granted by the U.S. Drug Enforcement
      Administration, our ability to obtain and/or timely transport
      molybdenum-99 to our technetium-99m generator production facilities,
      customer concentration, cost-containment efforts of customers,
      purchasing groups, third-party payors and governmental organizations,
      our ability to successfully develop or commercialize new products, our
      ability to protect intellectual property rights, competition, our
      ability to integrate acquisitions of technology, products and
      businesses, product liability losses and other litigation liability, the
      reimbursement practices of a small number of large public or private
      issuers, complex reporting and payment obligation under healthcare
      rebate programs, changes in laws and regulations, conducting business
      internationally, foreign exchange rates, material health, safety and
      environmental liabilities, litigation and violations and information
      technology infrastructure. These and other factors are identified and
      described in more detail in the “Risk Factors” section of the Form 10
      Registration Statement, as amended. We disclaim any obligation to update
      these forward-looking statements other than as required by law.
    
      1 Percocet is a registered trademark of Endo Pharmaceuticals
      Inc.
    

Source: Mallinckrodt
      Mallinckrodt
Lynn Phillips, 314-654-3263
Manager, Media
      Relations
lynn.phillips@mallinckrodt.com
or
Meredith
      Fischer, 314-654-6595
Senior Vice President, Communications
meredith.fischer@mallinckrodt.com
or
John
      Moten, 314-654-6650
Vice President, Investor Relations
john.moten@mallinckrodt.com