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Perrigo company logo
Corporation
HEALTHCARE | Drug Manufacturing / OTC Medications
perrigo.com

Investments

2

Portfolio Exits

10

Partners & Customers

10

Service Providers

1

About Perrigo

Perrigo (NYSE: PRGO) (TASE: PRGO) is a global healthcare supplier that develops, manufactures, and distributes over-the-counter (OTC) and prescription pharmaceuticals, nutritional products, active pharmaceutical ingredients (API), and consumer products.

Headquarters Location

Treasury Building Lower Grand Canal St

Dublin,

Ireland

+353 (0)1 709 4000

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Expert Collections containing Perrigo

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Latest Perrigo News

Are OTC oral contraceptives America’s answer to Roe versus Wade?

Sep 18, 2023

Currently, eight states in the US demand that health insurance plans cover OTC contraceptives. Opill is a means to get birth control discretely without fearing the consequences of an insurance letter appearing at their disapproving family’s doorsteps. When your body is not your choice anymore and nearly half of all pregnancies in the US are unplanned, protection is vital. Opill, America’s first over-the-counter (OTC) oral contraceptive by Perrigo will be available early next year. Is Perrigo’s new drug going to be a hit among American women? Republicans: Pro-life and pro-protection? In June 2022, the Supreme Court overturned Roe versus Wade, which means that there is no longer a federal constitutional right to abortion; states can ban abortion. Republicans took on this opportunity enthusiastically; in 22 states it is either illegal or very difficult to get an abortion. However, this Republican-backed pro-life movement was not supported as enthusiastically by the majority of Americans. When interrogated about abortion rights, the topic of easy contraception access is a quick defence tactic for Republican Representatives seeking to entice female voters. In Iowa, a state that is vying to ban abortion after six weeks of pregnancy, Republican Marianette Miller-Meeks boasted about her sponsoring of the recent introduction of the Orally Taken Contraception Act of 2023. This act aims to pave the way for women’s access to OTC oral contraceptives, and the Food and Drug Administration (FDA) is obliged to share details of OTC’s approval to other providers of oral contraceptives. If all goes to plan, Opill will face competition providing a variety of cost-effective birth control options for women. Is the Act’s promise a political tactic or a timely development? Opill is certainly an attractive drug; not only is it available for all ages but the contraceptive pill is currently a popular form of contraception in the US. Reports By GlobalData For those lucky enough to be insured, Opill is a means to get birth control discretely without fearing the consequences of an insurance letter appearing at their disapproving family’s doorsteps. Currently, eight states demand that health insurance plans cover OTC contraceptives. However, the insurance companies that are free of state control are not obligated to include this offer. For Opill to be an integral part of the American breakfast, eyes are on the federal government to put into action its plans to obligate all health insurance companies to cover FDA-approved OTC birth control. For those without health insurance, who live far from a doctor, or who are faced with language barriers, Ophill’s accessibility depends heavily on its yet-to-be-determined price. Perrigo has described a ‘Consumer Assistance Program’, which would enable eligible women to obtain Opill for free. However, uncertainty lies around this as Perrigo has, as of yet, not gone into more detail. If the Orally Taken Contraception Act’s aims of creating market competition are effective, this may offer a solution to the high prices. For the plan to be more than an immaterial act and the OTC contraceptive to be a hit, accessibility is key. Opill: accessible but leaving women alone? The trend towards obtaining oral contraceptives without a doctor’s input raises concerns, such as patients not understanding potential side effects. The Orally Taken Contraception Act requires that the labelling of OTC contraceptives is simplified—these clear instructions on use and potential side effects will offer women increased awareness. However, the full extent of the side effects of oral birth control is still not understood. Further research is necessary. For example, increasing evidence from GlobalData reveals the psychological risks of the contraceptive pill. Anna Moody,  epidemiologist at GlobalData, describes how part of its predictions for the increase in women with depression over 18 years old in the UK (from 8.6 million in 2023 to 8,9 million in 2032) is due to the increase in hormonal contraceptives taken and the lack of associated education. Importantly, Moody notes that during a prescription of hormonal contraceptives, it is vital that there is an evaluation of which methods are best for the patient and that there is transparency on both the physical and psychological side effects. There should be a discussion about the woman’s susceptibility to mental health risks and any relevant family history. GlobalData’s recent thematic report on Femtech further highlights the significant unmet needs in female healthcare. If women are left behind with no doctor’s input on their personal susceptibilities before taking Opill, there is a risk of an increase in depression cases in women in the US. The current consensus in the US is “the benefits outweigh the risks”, but questions remain: Do these benefits only outweigh the risks in pro-life America? And are women, especially those without insurance, being left behind to face risks alone? Share this article

Perrigo Investments

2 Investments

Perrigo has made 2 investments. Their latest investment was in Kazmira as part of their Corporate Minority on June 6, 2020.

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Perrigo Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/17/2020

Corporate Minority

Kazmira

$50M

Yes

1

11/18/2019

Series B

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$99M

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10

Date

6/17/2020

11/18/2019

Round

Corporate Minority

Series B

Company

Kazmira

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Amount

$50M

$99M

New?

Yes

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Co-Investors

Sources

1

10

Perrigo Portfolio Exits

10 Portfolio Exits

Perrigo has 10 portfolio exits. Their latest portfolio exit was ScarAway on March 25, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/25/2022

Divestiture

$99M

3

5/18/2021

Divestiture

Perrigo - Latin American Pharmaceutical Operations

$99M

3

3/1/2021

Divestiture

Perrigo - Prescription Pharmaceuticals Business

$99M

3

6/19/2020

Acq - Fin

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$99M

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10

7/8/2019

Divestiture

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$99M

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10

Date

3/25/2022

5/18/2021

3/1/2021

6/19/2020

7/8/2019

Exit

Divestiture

Divestiture

Divestiture

Acq - Fin

Divestiture

Companies

Perrigo - Latin American Pharmaceutical Operations
Perrigo - Prescription Pharmaceuticals Business

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

3

3

10

10

Perrigo Acquisitions

20 Acquisitions

Perrigo acquired 20 companies. Their latest acquisition was HRA Pharma on September 08, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/8/2021

$99M

Acquired

4

8/11/2020

$99M

Acquired Unit

1

2/24/2020

$99M

Acquired Unit

1

5/9/2019

Other Venture Capital

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$99M

$99M

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10

8/17/2016

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$99M

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10

Date

9/8/2021

8/11/2020

2/24/2020

5/9/2019

8/17/2016

Investment Stage

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

Acquired Unit

Acquired Unit

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Sources

4

1

1

10

10

Perrigo Partners & Customers

10 Partners and customers

Perrigo has 10 strategic partners and customers. Perrigo recently partnered with Premise Health on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/3/2022

Partner

United States

09:05 ET Perrigo Expands Occupational Health Program with Premise Health's Digital Wellness Center

BRENTWOOD , Tenn. , Feb. 3 , 2022 / PRNewswire / -- Premise Health , the largest direct health care provider and an OMERS portfolio company , is partnering with Perrigo to expand the company 's occupational health and safety program to its employees outside of Michigan with the addition of virtual occupational health services starting this month .

1

2/3/2022

Partner

United States

Perrigo Expands Occupational Health Program with Premise Health’s Digital Wellness Center - Premise Health

Premise Health , the largest direct health care provider and an OMERS portfolio company , is partnering with Perrigo Company plc to expand the company 's occupational health and safety program to its employees outside of Michigan with the addition of virtual occupational health services starting this month .

1

2/18/2021

Licensor

Sweden

Probi and Perrigo’s EU pact looks to develop probiotics for digestive and immune health

`` We believe our partnership with Michigan State University has the potential to yield customized transformative self-care solutions that can help our retail partners and our consumers make informed health and wellness decisions that are best for themselves and their families , '' commented Rich Sorota , Perrigo Executive Vice President and President , Consumer Self-Care Americas earlier this year .

1

1/11/2021

Partner

United States

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10

1/11/2021

Partner

United States

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10

Date

2/3/2022

2/3/2022

2/18/2021

1/11/2021

1/11/2021

Type

Partner

Partner

Licensor

Partner

Partner

Business Partner

Country

United States

United States

Sweden

United States

United States

News Snippet

09:05 ET Perrigo Expands Occupational Health Program with Premise Health's Digital Wellness Center

BRENTWOOD , Tenn. , Feb. 3 , 2022 / PRNewswire / -- Premise Health , the largest direct health care provider and an OMERS portfolio company , is partnering with Perrigo to expand the company 's occupational health and safety program to its employees outside of Michigan with the addition of virtual occupational health services starting this month .

Perrigo Expands Occupational Health Program with Premise Health’s Digital Wellness Center - Premise Health

Premise Health , the largest direct health care provider and an OMERS portfolio company , is partnering with Perrigo Company plc to expand the company 's occupational health and safety program to its employees outside of Michigan with the addition of virtual occupational health services starting this month .

Probi and Perrigo’s EU pact looks to develop probiotics for digestive and immune health

`` We believe our partnership with Michigan State University has the potential to yield customized transformative self-care solutions that can help our retail partners and our consumers make informed health and wellness decisions that are best for themselves and their families , '' commented Rich Sorota , Perrigo Executive Vice President and President , Consumer Self-Care Americas earlier this year .

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Sources

1

1

1

10

10

Perrigo Service Providers

1 Service Provider

Perrigo has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired Unit

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acquired Unit

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Perrigo Team

16 Team Members

Perrigo has 16 team members, including current Chief Executive Officer, Michael Jandernoa.

Name

Work History

Title

Status

Michael Jandernoa

Chief Executive Officer

Current

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Name

Michael Jandernoa

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Work History

Title

Chief Executive Officer

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Status

Current

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