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Therakos

Provides photopheresis systems for immunotherapy

Overview

Therakos, a unit of Mallinckrodt Pharmaceuticals, provides immunotherapy equipment and consumables for extracorporeal photopheresis (ECP). Its core product is the THERAKOS Photopheresis System, which processes a patient’s blood outside the body, exposes it to a photosensitizing agent and UVA light, then returns treated blood to the patient. Procedural kits and related consumables are manufactured in clean-room environments to ensure safety, serving hospitals and clinics that perform ECP. The company differentiates itself with integrated systems, reliable access to disposables, direct clinician support, and strict manufacturing controls to maintain supply chain reliability, aiming to enable safe and timely immunotherapy treatments.

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About Therakos

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Industries

Industrial & ManufacturingHealthcare

Company Size

N/A

Company Stage

Acquired

Total Funding

N/A

Headquarters

West Chester, PA

Founded

1984

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What believers are saying

  • University Hospitals Birmingham signed a five-year ECP consumables contract on March 12, 2026.
  • NIH declared Therakos kits indispensable for post-transplant care in July 2026.
  • ESOT and Therakos collaboration expanded clinician awareness and evidence generation through 2026.

What critics are saying

  • Fresenius Kabi and B. Braun pressure Therakos on price and installed-base replacements.
  • Therakos depends on procedural kits and service revenue from a narrow product line.
  • Reimbursement cuts or protocol shifts could shrink ECP adoption and eventually break the franchise.

What makes Therakos unique

  • THERAKOS CELLEX remains the sole-source ECP platform at NIH, July 2026.
  • Therakos earned Europe MDR approval on October 21, 2026 for steroid-refractory irAEs.
  • CVC completed the $925 million acquisition on December 2, 2024, backing expansion.

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Funding

Total Funding

N/A

N/A

Industry Average

Funded Over

2 Rounds

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Benefits

  • Professional Development Budget

Company News

European Society for Organ Transplantation
Apr 15th, 2026
New ESOT report highlights future of immune modulation in transplantation.

New ESOT report highlights future of immune modulation in transplantation. The European Society for Organ Transplantation (ESOT), in collaboration with Therakos, has published a new report examining the current status, clinical potential, and future directions of Extracorporeal Photopheresis (ECP) in solid organ transplantation. Allograft rejection remains a major cause of long-term graft failure and patient morbidity following transplantation. While conventional immunosuppressive therapies have significantly improved short-term outcomes, they are associated with substantial adverse effects, including infection, malignancy, and organ toxicity. The report highlights the need for safer, more targeted approaches to immune regulation. Extracorporeal Photopheresis (ECP) is an established immunomodulatory therapy offering targeted immune regulation rather than generalised immunosuppression. It is currently recommended as an adjunctive therapy in heart and lung transplantation and is increasingly being explored in kidney and liver transplantation. The report outlines: * The current clinical indications for ECP across organ types * Evidence gaps and the need for high-quality randomised controlled trials * Variability in protocols and the importance of standardisation * Barriers related to awareness, cost, and access * Strategic actions to advance research, education, and equitable implementation Over a three-year educational collaboration, ESOT and Therakos implemented initiatives including international webinars, workshops, an online evidence repository, research awards, and survey-based research to address knowledge gaps and promote interdisciplinary exchange. "Targeted immune modulation represents an important direction for transplantation medicine," the report notes. "Coordinated collaboration between clinicians, researchers, industry, and policymakers is essential to harmonise protocols, generate robust evidence, and ensure equitable access for patients." The partnership between ESOT and Therakos demonstrates how strategic collaborations between biomedical societies and industry can support education, stimulateresearch and accelerate progress in transplantation. The full report is available here.

PE Hub
Dec 2nd, 2024
CVC Completes Therakos Acquisition

CVC has completed the acquisition of Therakos.

PR Newswire
Aug 5th, 2024
Mallinckrodt Reaches Agreement To Sell Therakos® Business To Cvc For $925 Million

Divestiture Advances Mallinckrodt's Strategic Priorities to Optimize Capital Structure and Focus on Core Areas of ExpertiseMallinckrodt to Use Net Proceeds to Reduce Net Debt by More Than 50%CVC Brings Resources and Expertise to Further Develop and Commercialize TherakosDUBLIN and LUXEMBOURG, Aug. 5, 2024 /PRNewswire/ -- Mallinckrodt plc ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, and CVC Capital Partners ("CVC"), one of the world's leading investment firms, today announced that they have entered into a definitive agreement1 under which CVC Capital Partners Fund IX will acquire the Company's Therakos business for a purchase price of $925 million, subject to customary adjustments.Therakos is a fully integrated extracorporeal photopheresis (ECP) delivery system for autologous immunomodulatory therapy. With approvals for use in the U.S., Canada, Europe, Japan, Australia and Latin America, it is the platform-of-choice among healthcare providers and patients to treat a range of immune-related diseases. CVC has deep expertise in healthcare and a global portfolio of life sciences businesses spanning pharma, med-tech and healthcare services. The firm intends to make additional investments in the continued research, development, indication expansion and geographic expansion of Therakos.Under the terms of the agreement, key employees who work on Therakos will transition with the business and continue supporting the product and its stakeholders.On behalf of CVC's Healthcare team, Cathrin Petty and Phil Robinson said, "We see significant opportunities ahead to expand Therakos' indications, enter new geographies and bring this innovative treatment to more patients around the world. We look forward to working closely with the talented Therakos team and adding this best-in-class ECP system with an unparalleled efficacy, safety and tolerability profile to our portfolio of healthcare businesses.""Today's announcement underscores our commitment to executing on our strategic priorities and creating value for our stakeholders," said Siggi Olafsson, President and Chief Executive Officer of Mallinckrodt

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