Perrigo

Pharma

Generic drug acquisition: Perrigo buys Minnesota’s Paddock Labs

Analysts saw the acquisition as a sharp move by Perrigo and the company's stock responded in kind, rising to an all-time high. Perrigo purchased Paddock for roughly twice its revenue -- the final price is $445 million after certain tax benefits -- even though Paddock is in a fast-growing, high-margin niche and had recent revenue growth of more than 20 percent, according to Morningstar.

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Pharma

Perrigo to buy Australian over-the-counter drugmaker for $48M

Perrigo Co. has reached a $48 million agreement to acquire an Australian over-the-counter, store-brand pharmaceuticals supplier. Perrigo, which bills itself as the world’s largest manufacturer of over-the-counter drugs for the store-brand market, says the purchase of Orion Laboratories Pty Ltd. will add about $30 million annually to its sales, according to a statement from Perrigo. […]