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Watson Announces Agreement to Acquire U.S. Rights to Columbia Laboratories' CRINONE(R) Progesterone Gel Product Line
Date:3/4/2010

an>.  Watson will also pay Columbia a royalty on Watson's sales of the progesterone gel product and any next generation products.  Columbia will be responsible for the anticipated clinical and regulatory costs related to obtaining approval for the progesterone gel product for prevention of preterm birth in women with a short cervix.  Excess development costs over a defined cap, if any, as well as costs related to the development of the second generation product will be the responsibility of Watson.  Pursuant to a supply agreement, Columbia will be responsible for manufacturing the progesterone gel products.

"The addition of CRINONE® and PROCHIEVE® demonstrates our commitment to expand our emerging position in distinctive women's healthcare products.  It builds on a portfolio of products used by the Ob/Gyn that currently includes our GELNIQUE® (oxybutynin chloride) gel treatment for overactive bladder (OAB) and FEMRING® (estradiol acetate) vaginal ring hormone replacement therapy.  It also provides a stronger market foundation for the portfolio of women's health products in development, including URACYST®, under development for cystitis, a new emergency contraceptive, a novel oral contraceptive and two additional unique contraceptives currently in Phase 3," said Paul Bisaro, Watson's President and Chief Executive Officer.  "CRINONE® has a proven record in infertility, and we are confident in our ability to expand its acceptance using our specialty Ob/Gyn sales team.  In addition, if we are successful in receiving FDA approval for a new preterm birth indication, we will have the opportunity to cr
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SOURCE Watson Pharmaceuticals, Inc.
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