BUSINESS
September 7, 2005 | From Associated Press
Barr Pharmaceuticals Inc. and Teva Pharmaceutical Industries Ltd. said they would cooperate in launching generic versions of Sanofi-Aventis' Allegra allergy drug. Barr of Pomona, N.Y., received final approval last week for the generic drug from the Food and Drug Administration. Allegra sales were worth $1.4 billion for the 12 months ended in June, according to research firm IMS Health.
BUSINESS
July 10, 2003 | From Reuters
Barr Laboratories Inc. said it is voluntarily recalling three lots of its Nortrel 7/7/7 28-day oral contraceptive because they might have been improperly packaged, perhaps increasing the risk of pregnancy. The Woodcliff Lake, N.J.-based company said the recall affects lots 290122001, 290122002 and 290122003, involving about 470,000 packages. It said it is implementing the recall because two consumers reported the color-coded tablets were in the wrong sequence.
BUSINESS
May 22, 2003 | From Bloomberg News
A U.S. judge ruled that the 1997 agreement between Barr Laboratories Inc. and Bayer to end a patent suit over the anthrax treatment Cipro wasn't anti-competitive, according to Barr. U.S. District Judge David G. Trager in Brooklyn, N.Y., rejected arguments that the settlement violated antitrust laws. The ruling narrows the scope of some 38 antitrust lawsuits filed by consumers and wholesalers against Pomona, N.Y.-based Barr and Leverkusen, Germany-based Bayer.
BUSINESS
November 28, 2002 | From Bloomberg News
Eli Lilly & Co. filed a lawsuit seeking to block Barr Laboratories Inc. from selling a generic form of Lilly's osteoporosis drug Evista, which had about $665 million in sales last year. Pomona, N.Y.-based Barr filed for Food and Drug Administration approval to make a generic form of Evista in June, and notified Lilly in October. Lilly, in a federal lawsuit filed Tuesday in its Indianapolis hometown, said the generic treatment would infringe four patents related to the drug.
BUSINESS
September 24, 2002 | Bloomberg News
Barr Laboratories Inc. must delay introducing its version of AstraZeneca's tamoxifen cancer drug, the Food and Drug Administration said. The maker of generic drugs said it would sue the agency. Barr sells tamoxifen through an agreement with AstraZeneca and had hoped to introduce its formula Aug. 20. The FDA ruling would postpone that to February.
BUSINESS
August 15, 2002 | Reuters
Drug maker Barr Laboratories Inc. said profit more than doubled in its fiscal fourth quarter, boosted by strong sales of oral contraceptives and generic versions of medicines that recently lost patent protection. Net income climbed to $44.9 million, or 98 cents a share, well above the 85 cents analysts expected, from $19.7 million, or 44 cents, a year earlier. Revenue jumped 27% to $209.4 million.