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Perrigo Takes Another Step On Planned Generic Exit

Divestiture Takes It Closer To Being A Consumer-Focused Self-Care Firm

 
• By Dean Rudge

Perrigo’s ambitions to become a consumer-focused company are a step closer after the firm announced an immediate sale of a ‘non-core’ asset.

Steps
Perrigo has taken the next step in its consumer-focus strategy • Source: Shutterstock

Perrigo has announced the immediate sale of its UK-based liquid generics subsidiary Rosemont Pharmaceuticals to local private equity player Inflexion for £156m ($195m) in cash, as the firm continues to move away from the prescription generics space to become chiefly a consumer-focused player.

The deal to was “signed and closed on the same day,” Perrigo said, with president and CEO Murray Kessler describing it as “an example of Perrigo’s commitment to our transformation to a consumer-focused

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