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Papa's Exit Highlights Perrigo's Shortcomings

 
• By Lisa LaMotta

After Papa's exit from Perrigo, the company is left to pick up the pieces and is not as strong a business as investors had previously thought.

With Perrigo Co. PLC's CEO moving on to murkier waters, questions have arisen about the health of the company's own business. While some worry that the company will change course, a change might be exactly what Perrigo needs to get back to former highs.

The maker of generic and over-the-counter drugs has seen a slip of 55% in its stock price from its 52-week...

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