Watson Launches Generic Seasonique
PARSIPPANY, N.J., July 28, 2011 /PRNewswire via COMTEX/ --Watson Pharmaceuticals, Inc. today announced that its subsidiary, Watson Laboratories, Inc., has launched Amethia (levonorgestrel/ethinyl estradiol (0.15 mg/0.03 mg) and ethinyl estradiol (0.01 mg)), the generic equivalent of Duramed Pharmaceuticals Inc.'s Seasonique. Watson began shipping the product today, following a denial by the United States Court of Appeals for the Federal Circuit of a request for a temporary injunction. Duramed's lawsuit alleging that Watson's product infringes Duramed's U.S. Patent No. 7,320,969 remains pending.
For the most recent twelve months ending April 30, 2011, Seasonique had sales of approximately $110 million, according to IMS Health data. Watson's Amethia tablets are indicated for the prevention of pregnancy in women who elect to use an oral contraceptive.
About Watson Pharmaceuticals, Inc.
Watson Pharmaceuticals, Inc. is an integrated global specialty pharmaceutical company. The Company is engaged in the development, manufacturing, marketing and distribution of generic pharmaceuticals and specialized branded pharmaceutical products focused on Urology and Women's Health. Watson has operations in many of the world's established and growing international markets.
For press release and other company information, visit Watson Pharmaceuticals' Web site at http://www.watson.com
Statements contained in this press release that refer to non-historical facts are forward-looking statements that reflect Watson's current perspective of existing information as of the date of this release. It is important to note that Watson's goals and expectations are not predictions of actual performance. Actual results may differ materially from Watson's current expectations depending upon a number of factors, risks and uncertainties affecting Watson's business. These factors include, among others, the difficulty of predicting the timing and outcome of the pending patent litigation and risks that an adverse outcome in such litigation could render Watson liable for substantial damages; the impact of competitive products and pricing; the timing and success of product launches; difficulties or delays in manufacturing; the availability and pricing of third party sourced products and materials; successful compliance with FDA and other governmental regulations applicable to Watson and its third party manufacturers' facilities, products and/or businesses; changes in the laws and regulations, including Medicare and Medicaid, affecting among other things, pricing and reimbursement of pharmaceutical products; and such other risks and uncertainties detailed in Watson's periodic public filings with the Securities and Exchange Commission, including but not limited to Watson's quarterly report on form 10-Q for the quarter ended June 30, 2011 and Watson's annual report on Form 10-K for the year ended December 31, 2010. Except as expressly required by law, Watson disclaims any intent or obligation to update these forward-looking statements.
Seasonique(R) is a registered trademark of Teva Women's Health, Inc.
Posted: July 2011
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