LAURELTON, N.Y.--(BUSINESS WIRE)--Dec. 29, 2003--Eon Labs (Nasdaq: ELAB - News) announced today that the U.S. District Court for the Southern District of New York replaced the Temporary Restraining Order it had issued on November 26, 2003 with a preliminary injunction related to the introduction of Eon Labs' Bupropion HCl, ER 100mg tablets until further order of the Court. In addition, the Court set the amount of the bond GlaxoSmithKline is required to post at $3 million. The bond will be used to compensate Eon for any damages it suffers if the preliminary injunction is determined to have been improperly granted.
Eon Labs is a generic pharmaceutical company specializing in developing, licensing, manufacturing, selling and distributing a broad range of prescription pharmaceutical products. For press releases and other company information, visit the Eon Labs, Inc. website at www.eonlabs.com.
Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains statements that are forward-looking in nature which express the beliefs and expectations of management. Such statements are based on current plans, estimates and expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Company's future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. These factors and additional information are discussed in the Company's filings with the Securities and Exchange Commission and statements in this release should be evaluated in light of these important factors. Although we believe that these statements are based upon reasonable assumptions, we cannot guarantee future results. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Contact:
Eon Labs, Inc. Christopher LoSardo, 718-276-8600 www.eonlabs.com
Source: Eon Labs