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Breckenridge Pharmaceutical signs Letter of Intent with Welding GmbH & Co & SK Chemicals
Date:6/10/2013

BOCA RATON, Fla., June 10, 2013 /PRNewswire/ -- Breckenridge announced today that it has entered into a Development Agreement with Welding GmbH & Co and SK Chemicals to develop and market an ANDA with U.S. branded sales of approximately $500M. Under the terms of this agreement, Welding and SK will develop and manufacture the product, utilizing SK's advanced drug delivery system, for Breckenridge Pharmaceutical, Inc., who will have exclusive marketing and distribution rights in the U.S. This agreement further supports Breckenridge's interest in leveraging drug delivery technologies to diversify its product development pipeline. 

About Breckenridge:
Breckenridge is a privately-held pharmaceutical marketing, research and development company founded in 1983 that markets a broad range of generic prescription products and Medical Foods in many therapeutic categories. The Breckenridge label is recognized by Wholesalers, Distributors, Chains, and Managed Care Accounts, as well as Retail Pharmacies nationwide. The company markets over 60 products in a variety of dosage forms including: Tablets, Capsules, Soft Gel Capsules, and Liquids, and Powders.  www.bpirx.com

About Welding:
Welding is a privately owned company, headquartered in Hamburg, Germany. Founded in 1955, with subsidiaries in Frankfurt and Lyon, France, Welding has an ever increasing global presence. Core competences are the development, registration, licensing, and supply of generic finished products. Welding tackles the challenges of the global pharmaceutical market with fully compliant and complete generic development solutions for the generic industry, including but not limited to API sourcing, development of API syntheses, Intellectual Property vetting and review, regulatory affairs, launch and supply chain management. I
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