News Release
                    
                Mallinckrodt Pharmaceuticals to Present New Clinical Data at American Pain Society Annual Scientific Meeting
                
      XARTEMIS™ XR (oxycodone hydrochloride and
      acetaminophen) Extended-Release Tablets (CII) and PENNSAID®
      2% (diclofenac sodium topical solution 2% w/w) Studies Offer Additional
      Product Information
    
    TAMPA, Fla.--(BUSINESS WIRE)--Apr. 30, 2014--
      Mallinckrodt
      (NYSE: MNK) will present new data for two of its recently approved pain
      medications – XARTEMIS™ XR (oxycodone hydrochloride and
      acetaminophen) Extended-Release Tablets (CII) and PENNSAID®
      2% (diclofenac sodium topical solution) 2% w/w (PENNSAID 2%) – during
      the 33rd Annual Scientific Meeting of the American Pain Society (APS) to
      be held April 30 - May 3, 2014 in Tampa, Florida.
    
      XARTEMIS XR is an oral medication indicated for the
      management of acute pain severe enough to require opioid treatment in
      patients for whom alternative treatment options (e.g., non-opioid
      analgesics) are ineffective, not tolerated or would otherwise be
      inadequate. It is the first and only oxycodone HCI/acetaminophen
      combination for acute pain with immediate- and extended-release
      analgesia, providing fast-acting and long-lasting pain relief with
      12-hour dosing for patients. PENNSAID 2% is a topical non-steroidal
      anti-inflammatory drug (NSAID) approved for the treatment of the pain of
      osteoarthritis of the knee(s).
    
      The data to be presented on XARTEMIS XR evaluates pharmacokinetics in
      different populations, as well as pooled safety data from Phase III
      trials. The first presentation of pivotal efficacy and safety results
      for PENNSAID 2% in the treatment of pain for osteoarthritis of the knee
      will also be presented, as well as an assessment of pharmacokinetics and
      tolerability compared with the 1.5% PENNSAID formulation.
    
      “Mallinckrodt is committed to providing a diverse range of products for
      patients with different types of pain,” said Mark Trudeau, President and
      Chief Executive Officer of Mallinckrodt. “The data we are sharing at APS
      will help further educate physicians about the characteristics and use
      of our two most recently launched products, XARTEMIS XR and PENNSAID 2%.”
    
      The abstracts to be presented are:
    
      XARTEMIS XR data
    
      - 
        Single-Dose Population Pharmacokinetics of MNK-795 (Oxycodone and
        Acetaminophen Extended-Release Tablets) Under Fed and Fasted
        Conditions (Abstract 426)
      
 
      - 
        Population Pharmacokinetics of Oxycodone Following a Single Oral Dose
        of MNK-795 (Oxycodone and Acetaminophen Extended-Release Tablets)
        (Abstract 436)
      
 
      - 
        Population Pharmacokinetics of Acetaminophen Following a Single Oral
        Dose of MNK-795 (Oxycodone and Acetaminophen Extended-Release Tablets)
        (Abstract 434)
      
 
      - 
        Population Pharmacokinetics of Oxycodone Following Multiple Oral Doses
        of MNK-795 (Oxycodone and Acetaminophen Extended-Release Tablets)
        (Abstract 433)
      
 
      - 
        Variability in the Pharmacokinetics of Acetaminophen Following
        Multiple Dose Administration of MNK-795 (Oxycodone and Acetaminophen
        Extended-Release Tablets) Is Affected by Covariates (Abstract 416)
      
 
      - 
        Safety and Tolerability of MNK-795 (Oxycodone and Acetaminophen
        Extended-Release Tablets) in Phase III Clinical Trials (Abstract 424)
      
 
    
      PENNSAID 2% data
    
      - 
        A Comparison of the Pharmacokinetics and Tolerability of Diclofenac
        Sodium 2% and 1.5% Topical Solutions (Abstract 485)
      
 
      - 
        An Assessment of the Efficacy and Tolerability of Diclofenac Sodium 2%
        Topical Solution for Treating Osteoarthritis of the Knee (Abstract 484)
      
 
    
      PENNSAID 2% Pivotal Trial Results
    
      The pivotal data presented at APS supported the January 17, 2014 U.S.
      Food and Drug Administration approval of PENNSAID 2%. This double-blind,
      randomized, controlled, parallel-group study assessed the efficacy and
      tolerability of twice-daily PENNSAID 2% topical solution vs. vehicle in
      259 patients with primary osteoarthritis of the knee. After four weeks,
      PENNSAID 2% produced significantly greater improvements in pain
      reduction – as measured by reductions in WOMAC® (Western
      Ontario and McMaster University Osteoarthritis Index) pain scores (-4.4
      [0.4]) vs. (-3.4 [0.4]; P=0.040) – associated with osteoarthritis of the
      knee compared to vehicle control.
    
      Similar results were observed for secondary endpoints including WOMAC
      physical function (-13.9 [1.2] vs. -10.7 [1.3]; P=0.061) and stiffness
      (-1.7 [0.2] vs. -1.3 [0.2]; P=0.097) as well as patient global
      assessment of osteoarthritis status (-1.1 [0.1] vs. -0.8 [0.1];
      P=0.085). None of these measures were statistically significant however.
      PENNSAID 2% was generally well tolerated. The vehicle control group
      experienced slightly more adverse events than active treatment (38.8%
      vs. 31.5%), which primarily involved application site reactions.
    
      About WOMAC®
    
      WOMAC® is a registered trademark of Nicholas Bellamy. WOMAC
      is a proprietary health status questionnaire. For further information
      visit the WOMAC website at www.WOMAC.com.
    
      XARTEMIS™ XR (oxycodone HCl
      and acetaminophen) Extended-Release Tablets, for oral use, CII
    
      INDICATIONS AND USAGE
    
      XARTEMIS™ XR (oxycodone HCl and acetaminophen)
      Extended-Release Tablets (CII) is indicated for the management of acute
      pain severe enough to require opioid treatment and for which alternative
      treatment options are inadequate. Because of the risks of addiction,
      abuse, misuse, overdose, and death with opioids, even at recommended
      doses, reserve XARTEMIS XR for use in patients for whom alternative
      treatment options (e.g., non-opioid analgesics) are ineffective, not
      tolerated or would be otherwise inadequate.
    
      IMPORTANT RISK INFORMATION
    
      WARNING: ADDICTION, ABUSE, AND MISUSE; LIFE-THREATENING RESPIRATORY
      DEPRESSION; ACCIDENTAL EXPOSURE; NEONATAL OPIOID WITHDRAWAL SYNDROME;
      and HEPATOTOXICITY
    
      Addiction, Abuse, and Misuse
    
      XARTEMIS XR exposes patients and other users to the risks of opioid
      addiction, abuse, and misuse, which can lead to overdose and death.
      Assess each patient’s risk prior to prescribing XARTEMIS XR, and
      monitor all patients regularly for the development of these behaviors or
      conditions.
    
      Life-threatening Respiratory Depression
    
      Serious, life-threatening, or fatal respiratory depression may occur
      with use of XARTEMIS XR. Monitor for respiratory depression, especially
      during initiation of XARTEMIS XR or following a dose increase. Instruct
      patients to swallow XARTEMIS XR tablets whole; crushing, chewing, or
      dissolving XARTEMIS XR can cause rapid release and absorption of a
      potentially fatal dose of oxycodone.
    
      Accidental Exposure
    
      Accidental ingestion of XARTEMIS XR, especially in children, can
      result in a fatal overdose of oxycodone.
    
      Neonatal Opioid Withdrawal Syndrome
    
      Prolonged use of XARTEMIS XR during pregnancy can result in neonatal
      opioid withdrawal syndrome, which may be life-threatening if not
      recognized and requires management according to protocols developed by
      neonatology experts. If opioid use is required for a prolonged period in
      a pregnant woman, advise the patient of the risk of neonatal opioid
      withdrawal syndrome and ensure that appropriate treatment will be
      available.
    
      Hepatotoxicity
    
      XARTEMIS XR contains acetaminophen. Acetaminophen has been associated
      with cases of acute liver failure, at times resulting in liver
      transplant and death. Most of the cases of liver injury are associated
      with the use of acetaminophen at doses that exceed the maximum daily
      limit, and often involve more than one acetaminophen-containing product.
    
      CONTRAINDICATIONS
    
      - 
        XARTEMIS XR is contraindicated in patients with:
        
          - 
            known hypersensitivity to oxycodone, acetaminophen, or any other
            component of this product.
          
 
          - 
            significant respiratory depression.
          
 
          - 
            acute or severe bronchial asthma or hypercarbia.
          
 
          - 
            known or suspected paralytic ileus.
          
 
        
       
    
      WARNINGS AND PRECAUTIONS
    
      - 
        XARTEMIS XR contains oxycodone, a Schedule II controlled substance. As
        an opioid, XARTEMIS XR exposes users to the risks of addiction, abuse,
        and misuse. Abuse or misuse of XARTEMIS XR by crushing, chewing,
        snorting, or injecting the dissolved product will result in the
        uncontrolled delivery of the oxycodone and can result in overdose and
        death. With intravenous abuse, the inactive ingredients in XARTEMIS XR
        can result in death, local tissue necrosis, infection, pulmonary
        granulomas, and increased risk of endocarditis and valvular heart
        injury. Parenteral drug abuse is commonly associated with transmission
        of infectious diseases such as hepatitis and HIV.
      
 
      - 
        Serious, life-threatening, or fatal respiratory depression has been
        reported with the use of opioids, even when used as recommended. While
        serious, life-threatening, or fatal respiratory depression can occur
        at any time during the use of XARTEMIS XR, the risk is greatest during
        the initiation of therapy or following a dose increase.
        Life-threatening respiratory depression is more likely to occur in
        elderly, cachectic, or debilitated patients as they may have altered
        pharmacokinetics or altered clearance compared to younger, healthier
        patients. In patients with significant chronic obstructive pulmonary
        disease or cor pulmonale, and patients having a substantially
        decreased respiratory reserve, hypoxia, hypercapnia, or preexisting
        respiratory depression, XARTEMIS XR may decrease respiratory drive to
        the point of apnea.
      
 
      - 
        Hypotension, profound sedation, coma, respiratory depression, and
        death may result if XARTEMIS XR is used concomitantly with alcohol or
        other central nervous system (CNS) depressants.
      
 
      - 
        The risk of acute liver failure is higher in individuals with
        underlying liver disease and in individuals who ingest alcohol while
        taking acetaminophen.
      
 
      - 
        Rarely, acetaminophen may cause serious skin reactions such as acute
        generalized exanthematous pustulosis (AGEP), Stevens-Johnson Syndrome
        (SJS), and toxic epidermal necrolysis (TEN), which can be fatal.
      
 
      - 
        The respiratory depressant effects of narcotics and their capacity to
        elevate cerebrospinal fluid pressure may be markedly exaggerated in
        the presence of head injury, other intracranial lesions, or a
        pre-existing increase in intracranial pressure.
      
 
      - 
        Oxycodone may cause severe hypotension particularly in individuals
        whose ability to maintain blood pressure has been compromised by a
        depleted blood volume, or after concurrent administration with drugs
        which compromise vasomotor tone such as phenothiazines.
      
 
      - 
        Due to the potential for acetaminophen hepatotoxicity at doses higher
        than 4,000 milligrams/day, XARTEMIS XR should not be used
        concomitantly with other acetaminophen- containing products.
      
 
      - 
        Hypersensitivity and anaphylaxis associated with use of acetaminophen
        have been reported. Clinical signs included swelling of the face,
        mouth, and throat, respiratory distress, urticaria, rash, pruritus,
        and vomiting.
      
 
      - 
        Due to characteristics of the formulation that cause the tablets to
        swell and become sticky when wet, consider use of an alternative
        analgesic in patients who have difficulty swallowing and patients at
        risk for underlying GI disorders resulting in a small gastrointestinal
        lumen. Instruct patients not to pre-soak, lick or otherwise wet
        XARTEMIS XR tablets prior to placing in the mouth, and to take one
        tablet at a time with enough water to ensure complete swallowing
        immediately after placing in mouth.
      
 
      - 
        Opioids diminish propulsive peristaltic waves in the gastrointestinal
        tract and decrease bowel motility. Oxycodone may cause spasm of the
        Sphincter of Oddi and should be used with caution in patients with
        biliary tract disease, including acute pancreatitis.
      
 
      - 
        Since the CYP3A4 isoenzyme plays a major role in the metabolism of
        XARTEMIS XR, drugs that alter CYP3A4 activity may cause changes in
        clearance of oxycodone which could lead to changes in oxycodone plasma
        concentrations.
      
 
      - 
        XARTEMIS XR may impair the mental and/or physical abilities required
        for the performance of potentially hazardous tasks such as driving a
        car or operating machinery. The patient using this drug should be
        cautioned accordingly.
      
 
    
      ADVERSE REACTIONS
    
      - 
        Serious adverse events may include respiratory depression and
        hepatotoxicity.
      
 
      - 
        Common adverse events include nausea, dizziness, headache, vomiting,
        constipation and somnolence.
      
 
    
      USE IN SPECIFIC POPULATIONS
    
      - 
        Pregnancy: Opioids cross the placenta and may produce respiratory
        depression and psycho-physiologic effects in neonates. Prolonged use
        of XARTEMIS XR during pregnancy can result in withdrawal signs in the
        neonate, which can be life threatening.
      
 
      - 
        Breast feeding: Oxycodone is present in human milk and may result in
        accumulation and toxicities such as sedation and respiratory
        depression in some infants. Acetaminophen is present in human milk in
        small quantities.
      
 
      - 
        Pediatrics: Safety and effectiveness in pediatric patients under the
        age of 18 years have not been established.
      
 
    
      See Full
      Prescribing Information for additional Important Risk
      Information including boxed warning.
    
      About XARTEMIS XR
    
      XARTEMIS XR is an extended-release oral formulation of oxycodone
      hydrochloride and acetaminophen with immediate-release and
      extended-release components. It is not interchangeable with other
      oxycodone/acetaminophen products because of differing pharmacokinetic
      profiles that affect the frequency of administration. XARTEMIS XR is a
      schedule II controlled substance.
    
      PENNSAID® (diclofenac sodium topical
      solution) 2% w/w
    
      INDICATIONS AND USAGE
    
      PENNSAID® (diclofenac sodium topical solution) 2% w/w
      is a nonsteroidal anti-inflammatory drug (NSAID) indicated for the
      treatment of pain of osteoarthritis of the knee(s).
    
      IMPORTANT RISK INFORMATION
    
      WARNING: CARDIOVASCULAR AND GASTROINTESTINAL RISK
    
      Cardiovascular Risk
    
      - 
        Nonsteroidal anti-inflammatory drugs (NSAIDs) may cause an increased
        risk of serious cardiovascular thrombotic events, myocardial
        infarction, and stroke, which can be fatal. This risk may increase
        with duration of use. Patients with cardiovascular disease or risk
        factors for cardiovascular disease may be at greater risk.
      
 
      - 
        PENNSAID is contraindicated in the perioperative setting of coronary
        artery bypass graft (CABG) surgery.
      
 
    
      Gastrointestinal Risk
    
      - 
        NSAIDs cause an increased risk of serious gastrointestinal adverse
        events including bleeding, ulceration, and perforation of the stomach
        or intestines, which can be fatal. These events can occur at any time
        during use and without warning symptoms. Elderly patients are at
        greater risk for serious gastrointestinal events.
      
 
    
      CONTRAINDICATIONS
    
      - 
        PENNSAID is also contraindicated in patients:
        
          - 
            with a known hypersensitivity to diclofenac sodium or any other
            component of PENNSAID.
          
 
          - 
            who have experienced asthma, urticaria, or allergic-type reactions
            after taking aspirin or other NSAIDs. Severe, rarely fatal
            anaphylactic-like reactions to NSAIDs have been reported in such
            patients.
          
 
        
       
    
      WARNINGS AND PRECAUTIONS
    
      - 
        Elevation of one or more liver tests may occur during therapy with
        NSAIDs. PENNSAID should be discontinued immediately if abnormal liver
        tests persist or worsen.
      
 
      - 
        Use with caution in patients with fluid retention or heart failure.
        Hypertension can occur with NSAID treatment. Monitor blood pressure
        closely with PENNSAID treatment.
      
 
      - 
        Long-term administration of NSAIDs can result in renal papillary
        necrosis and other renal injury. Use PENNSAID with caution in patients
        at greatest risk of this reaction, including the elderly, those with
        impaired renal function, heart failure, liver dysfunction, and those
        taking diuretics and ACE-inhibitors.
      
 
      - 
        Anaphylactoid reactions may occur in patients without prior exposure
        to PENNSAID. NSAIDs can cause serious skin adverse events such as
        exfoliative dermatitis, Stevens-Johnson Syndrome (SJS), and toxic
        epidermal necrolysis (TEN), which can be fatal.
      
 
      - 
        Wash and dry hands before and after use. Avoid contact of PENNSAID
        with the eyes and mucous membranes.
      
 
      - 
        PENNSAID was not evaluated under the conditions of heat application,
        occlusive dressings overlay, or exercise; therefore, concurrent use of
        PENNSAID under these conditions is not recommended.
      
 
      - 
        Do not:
        
          - 
            apply PENNSAID to open wounds.
          
 
          - 
            shower for at least 30 minutes after applying PENNSAID.
          
 
          - 
            wear clothing over the PENNSAID treated knee until the treated
            knee is dry.
          
 
        
       
      - 
        Protect treated knee(s) from natural or artificial sunlight. Topicals,
        such as sunscreen and bug repellent, may be applied after PENNSAID
        treated knee(s) are completely dry.
      
 
      - 
        Concurrent use with oral NSAIDs should be avoided unless benefit
        outweighs risk and periodic laboratory evaluations are conducted.
      
 
    
      ADVERSE REACTIONS
    
      - 
        The most common adverse events in a phase 2 clinical trial of PENNSAID
        2% were application site reactions, such as dryness (22%), exfoliation
        (7%), erythema (4%), pruritus (2%), pain (2%), induration (2%), rash
        (2%), and scabbing (<1%). Other adverse reactions occurring in >1% of
        patients receiving PENNSAID 2% included urinary tract infection (3%),
        contusion (2%), sinus congestion (2%), and nausea (2%).
      
 
      - 
        The most common treatment-related adverse events in patients receiving
        PENNSAID 1.5% were application site skin reactions including dry skin
        (32%), contact dermatitis characterized by skin erythema and
        induration (9%), contact dermatitis with vesicles (2%) and pruritus
        (4%). In a long term safety study, contact dermatitis occurred in 13%
        and contact dermatitis with vesicles in 10% of patients, generally
        within the first 6 months of exposure, leading to a withdrawal rate
        for an application site event of 14%. Other common adverse events
        greater than placebo include: dyspepsia (9%), abdominal pain (6%),
        flatulence (4%), diarrhea (4%) and nausea (4%).
      
 
    
      USE IN SPECIFIC POPULATIONS
    
      - 
        PENNSAID should not be used in pregnant or lactating women and is not
        approved for use in pediatric patients.
      
 
    
      See Full
      Prescribing Information for additional Important Risk
      Information including boxed warning.
    
      About PENNSAID 2%
    
      PENNSAID is a registered trademark of Nuvo Research Inc. PENNSAID 2% is
      a follow-on product to original PENNSAID 1.5%. PENNSAID 2% is a topical
      non-steroidal anti-inflammatory drug (NSAID) containing 2% diclofenac
      sodium compared to 1.5% for original PENNSAID 1.5%. It is more viscous
      than original PENNSAID 1.5%, is supplied in a metered dose pump bottle
      and has been approved for twice daily dosing compared to four times a
      day for original PENNSAID 1.5%.
    
      About Mallinckrodt
    
      Mallinckrodt is a global specialty pharmaceutical and medical imaging
      business that develops, manufactures, markets and distributes specialty
      pharmaceutical products and medical imaging agents. The company’s core
      strengths include the acquisition and management of highly regulated raw
      materials; deep regulatory expertise; and specialized chemistry,
      formulation and manufacturing capabilities. The company’s Specialty
      Pharmaceuticals segment includes branded and specialty generic drugs and
      active pharmaceutical ingredients, and the Global Medical Imaging
      segment includes contrast media and nuclear imaging agents. Mallinckrodt
      has approximately 5,500 employees worldwide and a commercial presence in
      roughly 65 countries. The company’s fiscal 2013 revenue totaled $2.2
      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, information
      technology infrastructure and restructuring activities. These and other
      factors are identified and described in more detail in the “Risk
      Factors” section of Mallinckrodt’s Annual Report on Form 10-K for the
      fiscal year ended September 27, 2013 and in subsequent filings. We
      disclaim any obligation to update these forward-looking statements other
      than as required by law.
    

Source: Mallinckrodt
      Mallinckrodt
Lynn Phillips, 314-654-3263
Manager,
      Communications
lynn.phillips@mallinckrodt.com
or
Meredith
      Fischer, 314-654-3318
Senior Vice President, Communications
meredith.fischer@mallinckrodt.com
or
John
      Moten, 314-654-6650
Vice President, Investor Relations
john.moten@mallinckrodt.com