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Deal signed for generic oral contraceptive products

Published in Women's Health Weekly, January 8th, 2004

Andrx Corporation (ADRX) and Teva Pharmaceutical Industries, Ltd., (TEVA) jointly announced that they have entered into a strategic collaboration to develop and market generic oral contraceptive pharmaceutical products.

Under the terms of the agreement, Teva will receive exclusive marketing rights in the U.S. and Canada to Andrx's line of generic oral contraceptive products currently pending regulatory approval. Andrx will be responsible for all formulations, U.S. regulatory submissions, and manufacturing of products covered under the agreement. Financial terms were not disclosed.

The agreement also provides Teva with an option to acquire similar...

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