Perrigo gets go-ahead for new infant products
This article was originally published in The Tan Sheet
Executive Summary
FDA approves Perrigo's first new infant formula products since the Allegan, Mich., firm acquired PBM Holdings in March. Perrigo's partner, Quebec-based Kerry Proteins and Nutritionals, will manufacture the products, the private labeler said Aug. 23. The approved products include concentrate and ready-to-use milk-based infant formula with arachidonic and docosahexaenoic acids. The ready-to-use product also comes in an organic version. "This is the first launch of new products since acquiring our infant nutrition business and we look forward to further new product introductions," said CEO Joseph Papa. Collins Stewart analysts said the approvals allow Perrigo to produce store brands to compete with Abbott's Similac Advance and Mead Johnson's Enfamil Premium (1"The Tan Sheet" March 29, 2010)
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