Perrigo is selling its generic prescription business to Altaris Capital Partners for a total consideration of $1.55 billion, including $1.5 billion in cash.
Salonpas Arthritis Pain Relief Gel contains prescription-strength diclofenac, which was approved for over-the-counter use in 2020 by the Food and Drug Administration.
According to a report by eMarketer, online grocery sales rose 54% from last year to $95.82 million, and it is estimated to make up 11.2% of total grocery sales in 2021.