A sale could value the company at more than $4 billion, the source said, adding that the process is at an early stage. It is owned by investment firms, including Kelso & Co. and Juggernaut Capital Partners.
Foundation Consumer Healthcare also owns brands such as Breathe Right nasal strips, Dimetapp, which is a medicine for cough and cold for children and allergy drug Alavert. Plan-B One-Step has been available over the counter for use without age restrictions since 2013, but the health regulator changed its labeling in December for the emergency contraception to make clear that the pill does not alter the course of an existing pregnancy.
Contraception has come under renewed focus in the United States after the Supreme Court in June overturned the landmark 1973 Roe v. Wade ruling that recognized the constitutional right to an abortion and legalized it nationwide. The privately held company, which makes over-the-counter healthcare products, bought Plan B One-Step and other brands of emergency contraception from Israel-based Teva Pharmaceutical Industries in 2017Foundation Consumer Healthcare or its private-equity owners Kelso & Co and Juggernaut Capital Partners did not immediately respond to a Reuters' request for comment.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: fox13 - 🏆 550. / 51 Read more »