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Perrigo reports record earnings

ALLEGAN, Mich. (NEWSCHANNEL 3) - Perrigo is reporting record earnings for the 4th quarter, which ended in June.

The Allegan-based drug maker says sales jumped about 16 percent to $967 million.

Year over year, the company's net sales increased 12 percent to $3.5 billion.

Just last month, Perrigo announced that it is acquiring Elan Corporation, and moving its headquarters to Ireland.

The company says the move will not impact day-to-day operations here in West Michigan.