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Endo, Inc. Completes Acquisition of Endo International plc's Assets

MALVERN, Pa., April 23, 2024  /PRNewswire/ -- Endo, Inc. ("Endo" or the "Company"), a newly formed entity, today announced that it has successfully completed the previously announced acquisition of substantially all of the assets of Endo International plc ("EIP"), as contemplated under EIP's plan of reorganization (the "Plan"). With the Plan's effectiveness, EIP's operating assets have exited the Chapter 11 financial restructuring process with significantly reduced outstanding indebtedness and resolution of EIP's pre-bankruptcy litigation overhang.

Following today's closing, Endo is poised for sustained growth and is strategically positioned to operate with a strong balance sheet, a broad, diversified portfolio of on-market medicines across its four segments, a deep pipeline of innovative and differentiated product candidates, and a highly skilled team.

"We believe Endo is well positioned to create value for our stakeholders over the long-term as we execute on our strategic priorities," said Blaise Coleman, Endo, Inc.'s President and Chief Executive Officer. "In particular, we are focused on growing our Branded Pharmaceuticals segment, anchored by XIAFLEX®, reviving growth in our Sterile Injectables segment through the launch of differentiated new products, and leveraging our improved balance sheet to drive new growth investments." Read more >

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