Nephrology
Watson Provides Update on Ferrlecit(R) Supply and Distribution Agreement
Published in Drug Law Weekly, June 2nd, 2009
Watson Pharmaceuticals, Inc. (NYSE:WPI), a leading specialty pharmaceutical company, announced that the Swiss Chambers of Commerce Court of Arbitration has ruled that the Ferrlecit(R) (sodium ferric gluconate complex in sucrose) supply and distribution agreements between Watson and Sanofi-aventis will expire on December 31, 2009. As a result of today's decision, Watson will continue to market and sell Ferrlecit(R) through December 31, 2009.
"We are very pleased with the panel's decision which affirms our right to market Ferrlecit(R) and allows us to continue our commitment to the nephrology community," said Paul Bisaro, Watson's President and Chief Executive Officer....
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Source: Drug Law Weekly (2009-06-02)
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