Mallinckrodt plc Reports First Quarter 2024 Financial Results and Reaffirms Full Year Guidance
DUBLIN, May 9, 2024 /PRNewswire/ -- Mallinckrodt plc ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today reported its financial results for the first quarter ended March 29, 2024.1
- Mallinckrodt's net sales in the first quarter of 2024 were $467.8 million, as compared to $424.6 million in the first quarter of 2023.
- Acthar Gel reported net sales of $102.8 million for the first quarter of 2024, representing an increase of 25.4% versus the prior year quarter.
- Terlivaz reported net sales of $6.0 million in the first quarter of 2024, reflecting Mallinckrodt's successful ongoing launch of the product.
- Please see "Non-GAAP Financial Measures" included in this release for a discussion of non-GAAP measures and reconciliation of GAAP and non-GAAP financial measures for the first quarter.