Healthcare Industry News:  radiopharmaceuticals 

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 News Release - January 3, 2007

Mallinckrodt Signs New Imaging and Radiopharmaceutical Agreements With Premier Purchasing Partners

New contracts enhance flexibility and convenience for Premier member facilities

ST. LOUIS, Jan. 3 (HSMN NewsFeed) -- Mallinckrodt Inc., a business unit of Tyco Healthcare, today announced that it has signed agreements covering five of its imaging product categories with Premier Purchasing Partners, L.P. The agreements' terms span three years, effective on January 1, 2007, and broaden the scope of Mallinckrodt products available to Premier member healthcare facilities.

The products covered by these agreements include Mallinckrodt's complete portfolio of contrast media agents, radiopharmaceuticals, barium, and injectors, all of which are used to perform various diagnostic imaging procedures. Also for the first time, the company's OptiMARK® (gadoversetamide injection) magnetic resonance contrast agent will be available under contract to all Premier members.

"These agreements further validate the efforts Mallinckrodt has undertaken in recent years, including substantial investments in our manufacturing and service capabilities, to enhance our reputation as a valued supplier of essential diagnostic products," said Steve Hanley, global president of Mallinckrodt's Imaging business. "Tyco Healthcare Mallinckrodt is committed to the delivery of world-class imaging solutions."

Premier Purchasing Partners is part of Premier Inc., recipient of the 2006 Malcolm Baldrige National Quality Award. Serving 1,700 hospitals and more than 43,000 other healthcare sites, Premier is the largest healthcare alliance in the U.S. dedicated to improving patient outcomes while safely reducing the cost of care. Mallinckrodt is an industry leader in medical imaging, providing a full line of contrast media and delivery systems, radiopharmaceuticals, and urology imaging systems for the diagnosis and treatment of disease.

"These agreements support our goal of delivering products and services that offer our members economic value and efficiency," said Mike Georgulis, Premier Purchasing Partners vice president, sourcing. "Mallinckrodt has demonstrated a keen focus on our members' efforts to drive value, manage risks and improve patient safety, and therefore is highly valued by our membership."

Mallinckrodt also has enhanced its efforts to provide unit dose radiopharmaceutical products for Premier's membership by expanding its pharmacy distribution network. Mallinckrodt is one of the largest suppliers of radiopharmaceuticals in the United States and the company now can better serve Premier member facilities with a distribution network that gives nearly 90 percent of Premier members the ability to purchase unit dose radiopharmaceutical products from a contracted radiopharmacy.

About Tyco Healthcare/Mallinckrodt

Tyco Healthcare's Mallinckrodt division offers a diverse line of imaging and pharmaceutical products that diagnose disease and relieve pain. As a major business segment of Tyco International Ltd., Tyco Healthcare manufactures, distributes and services an extensive product line including disposable medical supplies, monitoring equipment, innovative wound closure products, advanced surgical devices, medical instruments and bulk analgesic pharmaceuticals. With industry-leading brand names such as Autosuture, Kendall, Mallinckrodt, Nellcor, Puritan Bennett, Syneture and Valleylab, Tyco Healthcare products are found in virtually every healthcare setting.

Trademarks are owned by Mallinckrodt Inc.


Source: Tyco Healthcare

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