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Perrigo Makes Its Rx Generics Business Look Right At Home

 
• By Malcolm Spicer

Board bloc still is pushing to divest the Rx segment, though it achieved 4% volume sales growth and $6m in new product sales in the second quarter. Apparent second-quarter validation isn't enough to persuade CEO John Hendrickson to stay on.

Perrigo Co. PLC isn’t making it easy for a bloc of board members to succeed in pushing to divest the firm’s Rx generic business. The company's finances are stabilizing despite challenges such as ongoing price erosion hammering the prescription generics sector.

The company's Aug. 10 earnings briefing was led by CEO John Hendrickson, who announced plans in June to step down following emergence of the bloc.

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