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Azur Pharma Announces the Signing of a Definitive Agreement to Acquire PRIALT(R) From Elan
Date:3/11/2010

airman and Chief Executive of Azur Pharma, stated "We are pleased to add PRIALT, an important therapeutic for the management of severe chronic pain, to our portfolio. We look forward to welcoming the PRIALT team to our organisation and to their continued support for this product. We believe PRIALT will grow with continued investment in the brand. The patents covering PRIALT run through December 2016. Our business will have 170 employees at closing and had revenues of approximately $100 million for 2009. We expect to add other products and development projects to both our CNS and Women's Health businesses during the course of 2010 and look forward to the continued growth of our business."

The acquisition is expected to close in the second quarter of 2010. Financial terms are not disclosed. Azur will utilise its existing cash resources to finance the transaction. The acquisition will be EBITDA positive from Closing.

About Azur Pharma

Azur is a privately held pharmaceutical company dedicated to enhancing patients' lives by developing and marketing pharmaceutical products in specialist therapeutic areas. Azur's strategy is to identify, evaluate, selectively acquire and enhance the value of late stage development and approved pharmaceutical products. (Website:

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