Perrigo Invests In Tarex® Patented Technology, As A Key Investment In The Fight Against Methamphetamine Drug Abuse
Sep 27, 2016, 08:16 ET
DUBLIN, Sept. 27, 2016 /PRNewswire/ -- Perrigo Company plc (NYSE: PRGO; TASE) today announced an exclusive licensing agreement with Highland Pharmaceuticals, LLC for its Tarex® methamphetamine ("meth") blocking technology and the distribution rights of Zephrex-D® (pseudoephedrine HCI 30 mg). Zephrex-D® was developed using the Tarex® technology and has been proven to be more than 98% effective at blocking one of the more common domestic methods of illegal meth production.
This agreement is part of Perrigo's ongoing efforts in the fight against meth drug abuse. Perrigo plans to integrate the Tarex® technology into certain of its store brand and retailer own label pseudoephedrine HCI products in the future and will immediately begin distribution of Zephrex D® to its retail customers.
Perrigo's Executive Vice President & President, Consumer Healthcare - Americas, Jeff Needham commented that, "Across the country, illegal methamphetamine use continues to be a significant issue. Our investment in Tarex® technology is another example of Perrigo's commitment to help protect and promote healthier communities. We are committed to leveraging the Tarex® technology to extend our line of meth-resistant pseudoephedrine products in the future."
About Perrigo
Perrigo Company plc, a top five global over-the-counter ("OTC") consumer goods and pharmaceutical company, offers patients and customers high quality products at affordable prices. From its beginnings in 1887 as a packager of generic home remedies, Perrigo, headquartered in Ireland, has grown to become the world's largest manufacturer of OTC products and supplier of infant formulas for the store brand market. The Company is also a leading provider of generic extended topical prescription products and receives royalties from Multiple Sclerosis drug Tysabri®. Perrigo provides Quality Affordable Healthcare Products® across a wide variety of product categories and geographies primarily in North America, Europe, and Australia, as well as other markets, including Israel, China and Latin America. Visit Perrigo online at (http://www.perrigo.com).
Forward-Looking Statements
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SOURCE Perrigo Company plc