Perrigo Announces New Product Developed in Partnership with Water Street Company
Perrigo Company plc (NYSE; TASE: PRGO) today announced it has launched its AB rated abbreviated new drug application referencing Solaraze® Gel, 3% (diclofenac sodium gel, 3%).
Solaraze® Gel, 3% is indicated for the topical treatment of actinic keratoses. Annual market sales for Solaraze® Gel, 3% for the 12 months ending September 2018 were approximately $31 million as measured by IQVIATM.
Perrigo Executive Vice President and President Rx Pharmaceuticals Sharon Kochan stated, “Bringing this new product to market is another illustration of the Rx team’s commitment to providing high quality, affordable, Rx products that benefit patients in this important extended topical category.”
Diclofenac sodium gel, 3% was developed through a pharmaceutical development partnership with Capstone Development Solutions, a company of Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry. The product is manufactured by Perrigo and shipping to customers has commenced.
Perrigo Company plc, a leading global healthcare company, delivers value to its customers and consumers by providing Quality Affordable Healthcare Products®. Founded in 1887 as a packager of home remedies, Perrigo has built a unique business model that is best described as the convergence of a fast-moving consumer goods company, a high-quality pharmaceutical manufacturing organization and a world-class supply chain network. Perrigo is one of the world’s largest manufacturers of over-the-counter (“OTC”) healthcare products and suppliers of infant formulas for the store brand market. The Company also is a leading provider of branded OTC products throughout Europe and the U.S., as well as a leading producer of “extended topical” prescription drugs. Perrigo, headquartered in Ireland, sells its products primarily in North America and Europe, as well as in other markets, including Australia, Israel and China. Visit Perrigo online at (http://www.perrigo.com).