Perrigo gets FDA OK to sell nicotine lozenges

ALLEGAN, Mich. -- Perrigo Co., which makes store-brand over-the-counter drugs and infant formulas, said Wednesday that it received approval from the U.S. Food and Drug Administration to market an over-the-counter nicotine product similar to Nicorette mini lozenges.

Shipments of the tablets, designed to reduce nicotine cravings and other symptoms for those are quitting smoking, will start in three months.

Perrigo shares fell 83 cents to $116.95 in afternoon trading.