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Perrigo Feels Ill Effects Of Mild Cold Season, Excess OTC Capacity

This article was originally published in The Tan Sheet

Executive Summary

The private labeler lowered its full-year revenue guidance, noting weak cough/cold/flu OTC sales. Perrigo built up excess capacity to take advantage of recalled Johnson & Johnson OTCs, and now is shifting some capacity in response to a Novartis plant shutdown.

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