Perrigo Wants Answers From Former Owner Of Its Branded Consumer Business

Perrigo reported a $804m impairment for its European branded OTC drug and nutritional products business for the July-September period and will file an arbitration claim against its former owners. Company also highlights Rx-to-OTC switch opportunities.

Perrigo Co. PLC forecasts blue skies ahead from additional private label OTCs it plans to launch but also is navigating clouds around the over-valued branded consumer health business it acquired in Europe.

In tandem with reporting a third-quarter net loss of $1.3bn, or $8.76 per diluted share, on Nov. 10, Perrigo announced...

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