Perrigo Remains Committed To Splitting Off Prescription Despite Delay

12 Aug 2019

Perrigo has pushed back plans to split off its Prescription business as part of its transformation into a consumer self-care focused company.

Clock_Nail — Nailing Down Plans To Split Off Perrigo’s Prescription Unit Has Taken Longer Than Expected • Source: Shutterstock

Perrigo insists that it is still committed to plans to split off its Prescription pharmaceuticals business, whether as a sale or a spin-off, despite pushing back such a move while it evaluates timing amid uncertainty and tumult in the US generics market.

“The Rx [Prescription] separation continues to be a strategic priority,” said Perrigo’s president and CEO Murray Kessler, “and we continue...