Company Overview of McNEIL-PPC, Inc.
McNEIL-PPC, Inc., through its subsidiaries, manufactures pharmaceutical and personal care products. The company was founded in 1879 and is based in Fort Washington, Pennsylvania. McNEIL-PPC, Inc. operates as a subsidiary of Johnson & Johnson.
7050 Camp Hill Road
Fort Washington, PA 19034-2210
Founded in 1879
Key Executives for McNEIL-PPC, Inc.
McNEIL-PPC, Inc. does not have any Key Executives recorded.
McNEIL-PPC, Inc. Key Developments
McNeil-PPC Inc. Agrees to Pay $25 million Under Criminal Resolution
Mar 13 15
McNeil-PPC Inc. pled guilty to a single count of an information alleging the firm with supplying for introduction into interstate commerce contaminated infants' and children's liquid over-the-counter (OTC) drugs. Under the criminal resolution, McNeil will pay a criminal penalty of $20 million and forfeit $5 million. A lawsuit was filed against the company in federal court in Philadelphia alleging that it had delivered for introduction into interstate commerce infants' and children's liquid OTC medicines that were adulterated. Federal officials said the infants' and children's liquid drugs were contaminated as they were not produced, processed, packaged or held in line with current Good Manufacturing Practices (cGMP), in breach of the federal Food, Drug and Cosmetic Act (FDCA). In addition to the company's guilty plea, McNeil continues to be subject to a permanent injunction passed by the U.S. District Court in 2011, asking the company, among other things, to take remedial steps before reopening its production plant in Fort Washington, Pennsylvania.
Reckitt Benckiser Signs Licensing Agreement with McNEIL-PPC
Mar 14 14
Reckitt Benckiser Group PLC signed a licensing agreement with McNEIL-PPC, Inc. for the rights to the K-Y brand, an intimate lubricant. The transaction does not include the employees or fixed assets of McNEIL-PPC. The transaction is expected to close in mid-2014.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|
Most Searched Private Companies
Sponsored Financial Commentaries