Perrigo Files For Generic Version Of Rogaine

Stock quotes in this article: JNJ , PRGO  

ALLEGAN, Mich. (AP) — Perrigo Co. said Tuesday it asked the Food and Drug Administration to approve an over-the-counter version of Men's Rogaine.

Rogaine, made by Johnson & Johnson, is a topical aerosol foam used to regrow hair. The company estimated annual retail sales of about $52 million annually.

The patent holder, Stiefel Research Australia Pty. Ltd., is suing Perrigo for patent infringement.

Shares of Perrigo rose 51 cents to $36.70 in morning trading.

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