Schering-Plough Reaches Settlement With Impax on CLARITIN-D(R) 24 Hour Patent Litigation
October 27 2003 - 4:15PM
PR Newswire (US)
Schering-Plough Reaches Settlement With Impax on CLARITIN-D(R) 24
Hour Patent Litigation KENILWORTH, N.J., Oct. 27
/PRNewswire-FirstCall/ -- Schering-Plough Corporation announced
today that it has reached a settlement with Impax Laboratories,
Inc. resolving litigation related to Impax's generic version of
Schering-Plough's CLARITIN-D(R) 24 Hour Extended Release Tablets.
Available as an over-the-counter (OTC) product, CLARITIN-D 24 Hour
Extended Release Tablets is a combination product containing the
nonsedating antihistamine loratadine and the decongestant
pseudoephedrine. Under terms of the agreement, Schering-Plough has
provided a license to a relevant patent pertaining to CLARITIN-D 24
Hour Extended Release Tablets to Impax. Financial terms of the
settlement were not disclosed. DISCLOSURE NOTICE: This press
release may contain "forward-looking statements" about
Schering-Plough's products, patents and other matters.
Forward-looking statements relate to expectations or forecasts of
future events. Please carefully consider any forward-looking
statement and understand that many factors could cause actual
results to differ from Schering-Plough's forward-looking
statements. Schering-Plough does not assume the obligation to
update any forward-looking statement. For further details and a
discussion of risks and uncertainties that may affect
forward-looking statements, see Schering-Plough's Securities and
Exchange Commission (SEC) filings, including Schering-Plough's 8-K
filed August 22, 2003 and future SEC filings. Schering-Plough
Corporation is a research-based company engaged in the discovery,
development, manufacturing and marketing of pharmaceutical products
worldwide. DATASOURCE: Schering-Plough Corporation CONTACT: Media -
William O'Donnell, +1-908-298-7476, or Investors - Geraldine U.
Foster, +1-908-298-7410, or Lisa W. DeBerardine, +1-908-298-7437,
all of Schering-Plough Corporation Web site:
http://www.schering-plough.com/ Company News On-Call:
http://www.prnewswire.com/comp/777050.html
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