Apricus Biosciences Receives $2.5 Million Payment From Abbott Laboratories for Vitaros® in Canada

SAN DIEGO, Oct. 18, 2012 (GLOBE NEWSWIRE) -- Apricus Biosciences, Inc. (“Apricus Bio” or the “Company”) (Nasdaq:APRI) (http://www.apricusbio.com) announced today that it received a $2.5 million payment from Abbott Laboratories Limited (“Abbott”) under its commercial partnership for Apricus Bio’s Vitaros® drug for erectile dysfunction (“ED”) in Canada. Also, Apricus Bio successfully produced six consecutive commercial size validation batches of Vitaros®, the Company’s treatment for ED in 220 mcg and 330 mcg forms.

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