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Perrigo Looks To Spin Out Or Sell Off Rx Business, But Will Separating Generics Add Value?

 
• By Mandy Jackson

Perrigo previously saw value in keeping its prescription pharmaceuticals in-house, but now says it will sell off or spin out the topical generics to focus on its over-the-counter brands. Questions remain about whether the company's generics portfolio is valuable enough to stand alone or attract a buyer.

Hitting bigger business target

Perrigo Co. PLC said on Aug. 9 that spinning out or selling its prescription pharmaceuticals will allow the generics business to better capitalize on its unique portfolio, while the company focuses on its over-the-counter medicines, but the value of this proposition isn't immediately clear outside of Perrigo.

The company announced alongside its second quarter earnings that it completed a previously disclosed strategic portfolio review and determined that the best strategy going forward would be to remove the topical generics from Perrigo's broader portfolio (see sidebar for more on the OTC-only strategy)

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