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Perrigo Company PLC (NYSE:PRGO) Reports The Release Of An AB Rated Generic Type Of Mycolog® II Cream

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Perrigo Company PLC (NYSE:PRGO) reported the release of an AB rated generic type of Mycolog® II Cream. Mycolog® II Cream is intended for the cure of cutaneous candidiasis. Yearly market sales for this generic versions for the 12-months closed September 2017 was around $81 million, as per IMS Health.

The details

John Wesolowski, the Executive Vice President of Perrigo, reported that this release exemplifies company’s ongoing commitment to advancing quality, high value options in important treatment segments. The Rx team continues to use their extended topical development and strategy capabilities to offer Quality Affordable Healthcare Products® to consumers, families and customers around the world.

Perrigo Company, a major global healthcare firm, offers value to its customers by providing premium affordable healthcare offerings. Founded in 1887, the company has established an innovative business model that is best stated as the convergence of a rapidly-moving customer goods firm, a top-quality pharmaceutical manufacturing firm and a leading supply chain network.

The company is one of the world’s major manufacturers of over-the-counter healthcare suppliers and products of infant methods for the store brand segment. The firm also is a major provider of branded OTC offerings throughout the U.S. and Europe, as well as a major producer of extended topical prescription medications. Perrigo, based in Ireland, offers its products mainly in Europe and North America, as well as in other segments, including Israel, China and Australia.

In unrelated news, Perrigo reported that it has closed the previously reported divestiture of its Active Pharmaceutical Ingredient business to SK Capital in a deal valued at $110 million. John T. Hendrickson, the CEO, expressed that this update furthers the strategic review procedure reported when he became CEO. Initiatives implemented as part of this review procedure have enabled them to simplify, execute and focus on their core businesses. They continue to analysis capital deployment prospects that enhance value for shareholders.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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