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Perrigo information


Perrigo Company plc
Company typePublic limited company
Traded as
  • NYSE: PRGO
  • S&P 400 component
ISINIE00BGH1M568
IndustryPharmaceutical
PredecessorPerrigo Inc. (before the 2013 tax inversion to Ireland)
Founded1887; 137 years ago (1887)
Headquarters
  • (Legal) Hogan Place, Dublin, Ireland
  • (Operational) Grand Rapids, Michigan, U.S.
Key people
Patrick Lockwood Taylor, President and CEO, Board Member
Products
  • OTC
  • RX
  • API
  • Medical Diagnostics
  • Pharmaceuticals
RevenueIncrease US$4.14 billion (2021)
Operating income
Increase US$410 million (2021)
Net income
Increase US$−69 million (2021)
Total assetsDecrease US$10.43 billion (2021)
Total equityDecrease US$5.15 billion (2021)
Number of employees
9,900+ (2021)
Subsidiaries
  • Omega Pharma
Websiteperrigo.com
Footnotes / references
[1]

Perrigo Company plc (Hebrew: פריגו) is an American Irish-registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales.[2][3] In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes.[4] Perrigo maintains its corporate headquarters in Grand Rapids, Michigan, within Michigan State University's Grand Rapids Innovation Park.[5]

Perrigo engages in the acquisition (for repricing), manufacture, and sale of consumer healthcare products, generic prescription drugs, and active pharmaceutical ingredients (APIs), primarily in the United States, from its base in Ireland. On 21 December 2018, Perrigo suffered its biggest one-day share price fall in its history after the Irish Revenue Commissioners issued a tax claim against Perrigo that equated to half of its market value.[6][7]

  1. ^ "Perrigo Company plc 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 1 March 2022.
  2. ^ Perrigo Co plc: Form 10-Q (29 September 2018). Securities and Exchange Commission. 8 November 2018. p. 9. Disaggregation of Revenue
  3. ^ Automation, MarketWatch. "Perrigo Co. PLC stock rises Wednesday, still underperforms market". MarketWatch. Retrieved 22 July 2021.
  4. ^ Cite error: The named reference bbb was invoked but never defined (see the help page).
  5. ^ McVicar, Brian (30 June 2022). "Perrigo unveils new North American Corporate Headquarters on Grand Rapids' Medical Mile". mlive. Retrieved 27 October 2022.
  6. ^ Cantillion (21 December 2018). "The terrible irony of Perrigo's tax planning". Irish Times.
  7. ^ Charly Grant (21 December 2018). "Perrigo Tax Shocker Couldn't Come at Worse Time". Wall Street Journal.

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