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Watson to Acquire Arrow Group
Date:6/17/2009

manufacturing network, including facilities in Canada, Malta and Brazil, will further expand Watson's global supply chain."

Key Benefits of the Transaction Include:

  • Expanded Commercial Footprint: Arrow's global commercial footprint in many established and emerging countries allows Watson to introduce its generic and brand products into these markets. Arrow's manufacturing network will further expand Watson's global supply chain. Additionally, Arrow owns an extensive portfolio of product registrations in regions where it does not yet have a commercial presence. This will allow Watson to rapidly and efficiently expand its sales and marketing operations into these markets.
  • Strong Product Portfolio and Pipeline: Since 2000, Arrow has launched an extensive portfolio of products into more than 20 countries. This includes more than 50 molecules developed internally. In addition, Arrow expects approval of 40 new molecules over the next three years. Successful patent challenges and settlements will allow for significant U.S. generic product launches over the next three years, including exclusive U.S. rights to launch the authorized generic version of Lipitor(R) (atorvastatin) in November 2011.
  • Provides Foundation for Generic Biologics: Arrow owns approximately 36% of Eden Biodesign, a biopharmaceutical company that provides development and manufacturing services to early stage biotechnology companies. Watson believes Eden will provide the operational expertise and manufacturing capability to support its long term investment in generic biologics.
  • Efficient Execution and Integration: Arrow's global footprint and product portfolio has minimal overlap with Watson's and the Company anticipates that the integration of the two businesses will be very manageable. Arrow brings a global sales, legal and regulatory infrastructure to complement Watson'
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SOURCE Watson Pharmaceuticals, Inc.
Copyright©2009 PR Newswire.
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