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Warner Chilcott Reports Operating Results for the Quarter and Year Ended December 31, 2010
Date:2/25/2011

are included in the tables at the end of this press release.

ENABLEX Acquisition As mentioned above, on October 18, 2010, we acquired the U.S. rights to Novartis' ENABLEX product for an upfront payment of $400.0 million in cash at closing, plus future milestone payments of up to $20.0 million in the aggregate based on 2011 and 2012 net sales of ENABLEX (the "ENABLEX Acquisition"). Concurrent with the closing of the ENABLEX Acquisition, we and Novartis terminated our existing co-promotion agreement. We assumed full control of sales and marketing of ENABLEX in the U.S. market and began recording product net sales on a gross basis as we became the principal in the transactions with our customers. We issued $500.0 million aggregate principal amount of 7.75% senior notes due 2018 (the "September 2010 7.75% Notes") on September 29, 2010 in order to fund the ENABLEX Acquisition and for general corporate purposes. In this press release, we refer to the $750.0 million aggregate principal amount of 7.75% senior notes due 2018 that we issued on August 20, 2010, together with the September 2010 7.75% Notes, as the "7.75% Notes".

New Product Launches On October 8, 2010, the U.S. Food and Drug Administration ("FDA") approved ATELVIA (risedronate sodium) delayed-release tablets, our next generation ACTONEL product, for the treatment of postmenopausal osteoporosis in the United States. On October 21, 2010, the FDA approved, LO LOESTRIN FE (norethindrone acetate and ethinyl estradiol tablets, ethinyl estradiol tablets and ferrous fumarate tablets), our new oral contraceptive product for the prevention of pregnancy in the United States. We began commercial shipments of these products in December 2010 and commenced our promotional efforts in January 2011.

Revenue Revenue in the quarter ended December 31, 2010 was $694.4 million, an increase of $8.2 million, or 1%, over the prior year quarter. The primary drivers of th
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