Warner-Lambert & King In $125M Deal
Warner-Lambert has sold more than 14 product lines and its Parke-Davissterile manufacturing facility located in Rochester, Michigan, as well as certain manufacturing contracts for third parties, to King Pharmaceuticals, whose chief executive, John Gregory, described the sale as a significant milestone for the Bristol, Tennessee-based company.
The price for the entire acquisition package was $125 million and the products sold by W-L include Procanbid (procainamide HCI), which has a unique sustained-release technology patent providing exclusivity until 2014.
Other products acquired by King include: Fluogen (influenza virus vaccine); Anusol-HC (benzyl benzoate and hydrocortisone acetate); Ketalar (ketamine); Aplisol (tuberculin); Vira-A (vidarabine); Pitocin (oxytocin); and Humatin (paromomycin).
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Today's issue
Company Spotlight
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze