You are almost right, except you act like Xartemis and Ofirmev are MNK's first foray into branded pharma. It's not. The branded division has existed at MNK since 2000 or 2001. They started off by buying other companies' products and grew the division slowly but surely.
This is why what has happened with this company has so deeply wounded the veterans of MNK. There are a few left, and a few of us watching CP after we were axed.
Why am I on the Cadence board? Because it is like watching a slow sad opera or movie, and I can't quit. I not only experienced the erosion of a great company in MNK, I am also watching the unraveling of Cadence.