Health and wellness company Perrigo Company plc (NYSE:PRGO) reported on Thursday the receipt of approval from the US Food and Drug Administration (FDA) for the over-the-counter use of Nasonex 24HR Allergy (mometasone furoate monohydrate 50mcg).
This approval marks the first branded Rx-to-OTC switch for the company and paves the way for Nasonex to enter the OTC marketplace.
Perrigo expects to begin offering Nasonex 24HR Allergy later this year.
Mometasone furoate, is a steroid medication used to treat certain skin conditions, hay fever and asthma.
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