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OTC Private Label Anchors Perrigo Amid Branded Business Turmoil

This article was originally published in The Tan Sheet

Executive Summary

CEO John Hendrickson and CFO Judy Brown reassure investors that Perrigo's US OTC private label platform supports the firm as it makes changes to turn around its European branded product business that stumbled soon after being put together.

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Perrigo's Return To OTC Roots Restoring Investor Confidence

The OTC drug, infant and adult nutritionals, Rx generic topicals and API manufacturer's share price has been up since it re-stated is historical revenues from Tysabri multiple sclerosis treatment royalties and reported interim 2017 first-quarter results. Perrigo will "fully concentrate on growing" OTC portfolio.

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