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Perrigo Writes Off $202m Of Value Amid ProAir Recall And Relaunch Uncertainty

Impairment Charge May Be Ten-Times Previous Estimate

Executive Summary

Perrigo remains unable to say exactly when it will be able to relaunch its generic to Teva’s ProAir, a position that has left the company with no choice but to impair significantly the value of the asset in the firm’s financial third quarter.

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