Perrigo’s Global Expectations Counter Slower U.S. OTC Growth

The private labeler hopes its international expansion will help mitigate the impact of the return of major branded OTCs from J&J and Novartis to the market.

Perrigo Co. PLC’s international sales growth expected from its pending corporate move to Ireland, through its acquisition of pharmaceutical firm Elan Corp. PLC, could offset the U.S. OTC market share the private labeler is losing as iconic brand OTCs return to shelves.

Perrigo on Aug. 15 reported overall record net income of $967 million for its fourth quarter, a 16% increase from the year-ago period, and income of $3.5 billion for its...

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