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Perrigo Looks To Spin Out Or Sell Off Rx Business, But Will Separating Generics Add Value?

 
• By Mandy Jackson

Perrigo previously saw value in keeping its prescription pharmaceuticals in-house, but now says it will sell off or spin out the topical generics to focus on its over-the-counter brands. Questions remain about whether the company's generics portfolio is valuable enough to stand alone or attract a buyer.

Hitting bigger business target

Perrigo Co. PLC said on Aug. 9 that spinning out or selling its prescription pharmaceuticals will allow the generics business to better capitalize on its unique portfolio, while the company focuses on its over-the-counter medicines, but the value of this proposition isn't immediately clear outside of Perrigo.

The company announced alongside its second quarter earnings that it completed a previously disclosed strategic portfolio review and determined that...

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