Perrigo Acquires Generic Retin-A Portfolio - Quick Facts

(RTTNews) - Perrigo Company plc (PRGO) announced that it will acquire a portfolio of generic dosage forms and strengths of Retin-A (tretinoin) from Matawan Pharmaceuticals, LLC.

Perrigo was the authorized generic distributor of these products from 2005 to 2013 before the agreement was terminated. Generic and brand sales of Retin-A, which is indicated for the topical treatment of acne vulgaris, were approximately $287 million for the 12-months ending October 2015. Additional financial terms were not disclosed.

The transaction is expected to immediately exceed Perrigo's ROIC threshold and add more than $0.20 in adjusted earnings per share within the first 12 months post-close after the exclusion of estimates for intangible amortization, transaction costs and integration related expenses.

The transaction is expected to close in the first quarter of 2016, subject to customary closing conditions.