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Mylan Laboratories Launches Amlodipine Besylate Tablets and Has Triggered Its 180 Days of Exclusivity
PITTSBURGH, March 23 /PRNewswire-FirstCall/ -- Mylan Laboratories Inc.
(NYSE: MYL) 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.
SOURCE Mylan Laboratories Inc.
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