Malcolm Spicer, Managing Editor – US
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Latest From Malcolm Spicer
"Probably the worst offense" among Perrigo's problems is that before appointing President and CEO Murray Kessler in November, it had three CEOs since 2016, making him the fourth chief executive in three years, says Kessler. Perrigo's move to a self-care focus means "a broader emphasis on the wellness component of health and wellness" and opening its portfolio of products and categories to areas including nutraceuticals, oral care, probiotics, therapeutic skin care products and others.
Perrigo appeals tax assessment Ireland levied in late December on Rx ingredient royalty rights firm gained when it became incorporated in Dublin but no longer owns, Analysts allowed President and CEO Murray Kessler. benefit of doubt he'll lead Perrigo out of prolonged slump when he joined firm in November after extensive executive experience with tobacco firms and in other consumer goods markets, but they're more circumspect about its chances of prevailing in Irish tax disagreement.
House passes, with large bipartisan support, Pandemic and All-Hazards Preparedness and Advancing Innovation Act, which includes Over-the-Counter Monograph Safety, Innovation, and Reform Act for modernizing FDA's system overseeing vast majority of OTC drugs. Provisions would allow FDA to use administrative orders, rather than notice-and-comment rulemakings, to add ingredients, dosages, delivery formats or indications to monographs, or drugs marketed without approved applications.
Herbalife announced following close of trading on US exchanges that former CEO and current Chairman Michael Johnson returns as interim chief following Richard Goudis' resignation.The firm, which has yet to schedule the release of its 2018 fourth-quarter results, said Goudis’ exit "pertains to comments which recently came to light" he made prior to becoming CEO in 2017.
Canadian firm Fresh Hemp Foods submitted separate GRAS notices for hemp seed, protein and oil FDA Office of Food Additives. In each notice, firm says each hemp seed format is derived from varieties of cannabis sativa L. with low THC content, known as industrial hemp, that hemp seeds do not produce THC and that THC present in dehulled hemp seed comes from contact between the seeds and cannabinoid-containing resins from other plant parts during growth, harvest and processing.