Perrigo Glows From Mucinex Private Label Plan, Starboard Plug

Perrigo plans to introduce two more Mucinex store brand products within six months after a series of manufacturing stumbles, CEO John Hendrickson says. The firm's private label prowess, says activist investor Jeffrey Smith, is insurance that it will grow as e-commerce grows.

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Perrigo Co. PLC has added plans for launching two additional private label versions of the Mucinex OTC line within six months. Added to its pending roll out of a Nexium 24HR equivalent, the moves continue buffing the shine on Perrigo's position as the dominant consumer health generics provider.

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