Perrigo Company (Nasdaq: PRGO; TASE) today announced that the United States Court of Appeals for the fourth Circuit has affirmed an earlier decision that Mead Johnson had engaged in false advertising resulting in an injunction prohibiting Mead Johnson from making similar claims and awarding damages in favor of PBM.
Perrigo's Chairman and CEO Joseph C. Papa concluded, "We are pleased that the Appeals Court affirmed the District Court's decision in favor of PBM. The Court has made it clear that national brand and store brand suppliers are entitled to fairly compete and advertising abuses will not be tolerated. We also appreciate the Court's recognition that PBM could lawfully compare its products to national brand products."