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Perrigo Sheds Prescription Pharmaceuticals Business

Pharmaceuticals and self-care products manufacturer Perrigo Company plc is preparing to sell its prescription pharmaceuticals business (Rx) to Altaris Capital Partners for $1.55 billion. The investment firm announced Monday that both companies have entered into an agreement on the transaction.
“I am thrilled that we are working with Altaris to establish Perrigo’s Rx business as an independent company,” Sharon Kochan, the president of the business, said in a release. “This is a very important and exciting milestone that will enable us to focus on executing our ambitious plans and growth strategy. Altaris’ healthcare specialization and experience with similar business separations will bring unique, fresh and relevant perspectives as we embark on the next phase of our journey.” ....

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Perrigo Sheds Prescription Pharmaceuticals Business

Perrigo Sheds Prescription Pharmaceuticals Business
packagingdigest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from packagingdigest.com Daily Mail and Mail on Sunday newspapers.

Sharon Kochan , Garikai Nyaruwata , Perrigo Co , Altaris Capital Partners , Packaging Digest , ஷரோன் கோச்சன் , பெற்ரிகோ இணை , ப்யாகேஜிஂக் ஜீரணிக்கவும் ,

Perrigo Sheds Prescription Pharmaceuticals Business

Pharmaceuticals and self-care products manufacturer Perrigo Company plc is preparing to sell its prescription pharmaceuticals business (Rx) to Altaris Capital Partners for $1.55 billion. The investment firm announced Monday that both companies have entered into an agreement on the transaction.
“I am thrilled that we are working with Altaris to establish Perrigo’s Rx business as an independent company,” Sharon Kochan, the president of the business, said in a release. “This is a very important and exciting milestone that will enable us to focus on executing our ambitious plans and growth strategy. Altaris’ healthcare specialization and experience with similar business separations will bring unique, fresh and relevant perspectives as we embark on the next phase of our journey.” ....

Sharon Kochan , Garikai Nyaruwata , Perrigo Company , Altaris Capital Partners , ஷரோன் கோச்சன் , பெற்ரிகோ நிறுவனம் ,

Perrigo sells generic drug business for $1.55 billion

Perrigo sells generic drug business for $1.55 billion
Nick Manes, Crain s Detroit Business
Perrigo Company has sold its generic drug business.
The Allegan County, Pa.-based pharmaceutical company, which is domiciled for tax purposes in Ireland, announced Monday morning that it would offload the Generic Rx Pharmaceuticals business to New York-based private investment firm Altaris Capital Partners LLC for a total of $1.55 billion.
Perrigo said the deal includes $1.5 billion in cash and that Altaris will assume in excess of $50 million in potential milestone payments related to research and development, as well as contingent purchase obligations with third-party partners the company works with, according to a news release. ....

Murray Kessler , Garikai Nyaruwata , Altaris Capital Partners , Michigan State University Innovation Park , Generic Rx Pharmaceuticals , Perrigo Company , Zacks Investment Research , Allegan County , New York Based , Consumer Self Care , Wall Street , Grand Rapids , Michigan State University , முர்ரே கெஸ்லர் , மிச்சிகன் நிலை பல்கலைக்கழகம் கண்டுபிடிப்பு பூங்கா , ஜெநெரிக் ர்க்ஸ் மருந்துகள் , பெற்ரிகோ நிறுவனம் , ஜாக்கக்ஸ் முதலீடு ஆராய்ச்சி , அல்லேகன் கவுண்டி , புதியது யார்க் அடிப்படையிலானது , நுகர்வோர் சுய பராமரிப்பு , சுவர் தெரு , மாபெரும் ரேபிட்கள் , மிச்சிகன் நிலை பல்கலைக்கழகம் ,

Perrigo Announces Agreement To Sell Generic Rx Business For $1.55 Billion In Total Consideration

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DUBLIN, March 1, 2021 /PRNewswire/ Perrigo Company plc (NYSE; TASE: PRGO), a leading global provider of
Consumer Self-Care Products, announced today that it has reached a definitive agreement to sell its Generic Rx Pharmaceuticals business to Altaris Capital Partners, LLC for total consideration of $1.55 billion, including $1.5 billion in cash, subject to customary adjustments. As part of the consideration, Altaris will also assume more than $50 million in potential R&D milestone payments and contingent purchase obligations with third-party Rx partners.
Perrigo CEO and President Murray S. Kessler commented, The sale of our Generic Rx business is the most impactful step in Perrigo s transformation plan. This transaction establishes Perrigo as a pure-play global consumer self-care company with industry leading fundamentals. Perrigo Consumer Self-Care will have a focused portfolio with over $4 billion in revenues focused on ....

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