Perrigo Glows From Mucinex Private Label Plan, Starboard Plug

Perrigo plans to introduce two more Mucinex store brand products within six months after a series of manufacturing stumbles, CEO John Hendrickson says. The firm's private label prowess, says activist investor Jeffrey Smith, is insurance that it will grow as e-commerce grows.

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Perrigo Co. PLC has added plans for launching two additional private label versions of the Mucinex OTC line within six months. Added to its pending roll out of a Nexium 24HR equivalent, the moves continue buffing the shine on Perrigo's position as the dominant consumer health generics provider.

Adding further luster to Perrigo's image to investors is an endorsement of its private label prowess from an activist investor...

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