Warner Chilcott Licenses Worldwide Rights To Schering AG's SEGRA Compound For Dermatologic Indications And Announces Settlement Of Yaz(R) Patent Litigation
Published: Nov 14, 2006
HAMILTON, Bermuda, Nov. 14 /PRNewswire-FirstCall/ -- Warner Chilcott Limited announced today that Schering will license to Warner Chilcott its proprietary selective glucocorticoid receptor agonist (SEGRA) compound for the oral or topical treatment of inflammatory skin diseases. Warner Chilcott will pay a royalty to Schering on sales of any product containing the SEGRA compound under the license.
In addition, Warner Chilcott and Schering have reached a settlement in the patent case filed by Warner Chilcott Company, Inc. against Berlex Inc. and Schering AG, in the United States District Court for the District of New Jersey, in connection with Warner Chilcott's U.S. Patent No. 5,552,394 and relating to the marketing and sale of Yaz(R). Schering will make certain payments to Warner Chilcott in connection with the settlement.
The terms of the agreements are confidential and subject to clearance by the Federal Trade Commission under the Hart Scott Rodino Antitrust Improvements Act of 1976, as amended.
Warner Chilcott is a leading specialty pharmaceutical company focused on developing, manufacturing, marketing and selling branded prescription products in the women's healthcare and dermatology therapeutic categories in the United States. WCRX-G
For more information go to www.wcrx.com
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CONTACT: Rochelle Fuhrmann, Investor Relations for Warner Chilcott,+1-973-442-3281 or firstname.lastname@example.org
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