PITTSBURGH, March 23 /PRNewswire-FirstCall/ -- Mylan Laboratories Inc. today launched Amlodipine Besylate Tablets, 2.5 mg (base), 5 mg (base) and 10 mg (base). Amlodipine Besylate Tablets are the generic version of Pfizer’s Norvasc(R) Tablets, which had U.S. sales of approximately $2.7 billion for the 12-month period ended December 31, 2006, according to IMS Health. Mylan was the first generic company to file on all strengths of amlodipine and therefore has triggered its 180 days of exclusivity. The U.S. Court of Appeals for the Federal Circuit in Washington ruled yesterday that the last remaining patent in place for amlodipine besylate is invalid.
Mylan Laboratories Inc. is a leading pharmaceutical company with three principal subsidiaries, Mylan Pharmaceuticals Inc., Mylan Technologies Inc. and UDL Laboratories Inc., and a controlling interest in Matrix Laboratories Limited, India. Mylan develops, licenses, manufactures, markets and distributes an extensive line of generic and proprietary products.
For more information about Mylan, visit http://www.mylan.com.
This press release includes statements that constitute “forward-looking statements,” including with regard to the launch of Amlodipine Besylate Tablets and the duration of market exclusivity. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Because such statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward- looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the use of legal, regulatory and legislative strategies by competitors or other third parties to delay or prevent product introductions; risks inherent in legal proceedings; and the other risks detailed in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Mylan Laboratories Inc.
CONTACT: Media, Patrick Fitzgerald, +1-724-514-1800, or Investors, KrisKing, +1-724-514-1800, both of Mylan Laboratories Inc.
Web site: http://www.mylan.com/
