Perrigo Puts Tysabri On Block, Generic Topicals Under Microscope

A portfolio review concluded that 'the next step to unlock shareholder value is … exploring strategic alternatives for that Tysabri royalty stream,' CEO John Hendrickson said during Perrigo's third-quarter earnings briefing.

A royalty license for the multiple sclerosis treatment Tysabri (natalizumab) has been an ill-fit for Perrigo Co. PLC and on Nov. 10 the firm confirmed it is looking into selling the license it gained in its 2013 acquisition of Elan Corp. PLC.

A portfolio review the Dublin-based firm begun early in 2016 concluded that "the next step to unlock shareholder value is … exploring strategic alternatives for that Tysabri royalty stream," said...

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