News Release
                    
                Mallinckrodt plc Receives FDA Approval For XARTEMIS XR (oxycodone hydrochloride and acetaminophen) Extended-Release Tablets (CII)
                
      First and only extended-release oxycodone/acetaminophen medication
      approved for acute pain severe enough to require opioid treatment
    
      Built on patented Mallinckrodt formulation platform
    
    DUBLIN--(BUSINESS WIRE)--Mar. 12, 2014--
      Mallinckrodt
      plc (NYSE: MNK) today announced that the U.S. Food and Drug
      Administration (FDA) has approved XARTEMIS™ XR (oxycodone
      hydrochloride and acetaminophen) Extended-Release Tablets (CII),
      previously known as MNK-795, for the management of acute pain severe
      enough to require opioid treatment and in patients for whom alternative
      treatment options (e.g., non-opioid analgesics) are ineffective, not
      tolerated or would otherwise be inadequate. XARTEMIS XR is the first and
      only extended-release oral combination of two clinically proven pain
      medications -- oxycodone and acetaminophen.
    
      XARTEMIS XR has both immediate- and extended-release components:
      formulated to provide onset of pain relief in less than one hour and to
      allow twice daily dosing. The product’s release profile combines
      Mallinckrodt’s newly patented technology, including design, formulation,
      pharmacokinetic and release characteristics, and Depomed’s advanced
      Acuform® drug delivery technology.
    
      The approval is based, in part, on the pivotal Phase 3 efficacy study
      conducted in an acute post-surgical pain model. XARTEMIS XR met the
      study’s primary endpoint and showed statistically significant
      improvement in pain scores compared to placebo from baseline over 48
      hours.
    
      In addition to the efficacy study, Mallinckrodt conducted extensive lab
      testing and a human abuse liability study with XARTEMIS XR. Data from
      Mallinckrodt’s studies related to the product were described in 15
      scientific presentations at PAINWeek, held September 4-7, 2013. While
      the approved label for XARTEMIS XR does not include abuse-deterrent
      language, Mallinckrodt will continue working closely with the FDA to
      develop more data to characterize abuse-deterrence features of XARTEMIS
      XR and other products utilizing this technology platform. The company is
      conducting additional studies and will be providing additional data in
      the near future.
    
      Pain that is uncontrolled or unmanaged results in ongoing and very
      significant costs to U.S. businesses in terms of lost productivity. In
      2010, there were over 102 million surgical procedures ordered or
      performed at office visits.1 That same year, there were 51
      million inpatient surgeries performed.2 The Institute of
      Medicine reported in 2011 that 80 percent of patients undergoing surgery
      experience postoperative pain. Of these, 88 percent report the pain is
      moderate, severe or extreme.3
    
      “Acute pain doesn’t last for only four to six hours, and neither should
      its treatment. With the extended-release profile of XARTEMIS XR,
      patients may not need to wake in the night to take a dose,” said
      Nathaniel Katz, MD, MS, Adjunct Assistant Professor of Anesthesia at
      Tufts University School of Medicine. “A long-acting combination
      analgesic that can effectively deliver oxycodone and acetaminophen for
      acute pain patients experiencing pain throughout the day and night is a
      welcome addition to the treatment landscape.”
    
      “The FDA approval of XARTEMIS XR exemplifies Mallinckrodt’s dedication
      to developing and providing new treatment options for people with pain,”
      said Mark Trudeau, President and Chief Executive Officer of
      Mallinckrodt. “Mallinckrodt remains committed to continuing its work to
      develop innovative formulations for our product lines to help ensure
      access to appropriate pain treatment for the millions of patients
      suffering from acute pain, and we will continue to work closely with the
      FDA as we engage in further development programs for XARTEMIS XR and
      other products utilizing this technology platform.”
    
      Mallinckrodt is dedicated to providing quality medications for treatment
      of patients with pain and equally committed to fighting the problems of
      opioid misuse and abuse. The company supports a broad range of programs
      that encourage and support only appropriate use of pain medications, and
      we address diversion and abuse through a multidimensional approach that
      includes educational efforts, monitoring for suspicious orders of
      controlled substances, drug take-back programs and research into
      abuse-deterrent technologies.
    
      To support the appropriate use of XARTEMIS XR and other Mallinckrodt
      products, the company:
    
      - 
        Provides a range of educational resources for patients,
        physicians and pharmacists, including education initiatives validated
        by measurable outcomes.
      
 
      - 
        Certifies its territory representatives following completion
        of robust education and training on all safe use initiatives for
        XARTEMIS XR.
      
 
      - 
        Addresses the safe and environmentally responsible disposal of
        unused XARTEMIS XR and other prescription medications through a
        unique adsorption technology to render the drugs inactive and unusable.
      
 
      - 
        Maintains a comprehensive anti-diversion program to detect
        potential misuse, abuse and diversion of Mallinckrodt products
        including XARTEMIS XR.
      
 
    
      XARTEMISTM 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 4000 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.
    
      About Mallinckrodt
    
      Mallinckrodt is a global specialty pharmaceutical business that
      develops, manufactures, markets and distributes specialty pharmaceutical
      products and medical imaging agents. 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 70 countries. The company’s fiscal 2013 revenue totaled $2.2
      billion. To learn more about Mallinckrodt, visit www.mallinckrodt.com.
    
      References
    
      1CDC/NCHS, National Ambulatory Medical Care Survey. Accessed
      2/25/2014. http://www.cdc.gov/nchs/data/ahcd/namcs_summary/2010_namcs_web_tables.pdf.
    
      2CDC, FastStats, accessed 2/25/14: http://www.cdc.gov/nchs/fastats/insurg.htm.
    
      3Relieving Pain in America: A Blueprint for Transforming
      Prevention, Care, Education, and Research. Committee on Advancing Pain
      Research, Care, and Education; Institute of Medicine. 2011.
    
      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 plc
      Mallinckrodt plc
Lynn Phillips, 314-654-3263
Manager, Media
      Relations
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