Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Barr gets OK to buy Shire's Adderall

Barr said Thursday it was moving ahead on a deal to acquire Shire's Adderall for $63 million, with a relaunch later this year.
|
|
 
  
Published: Sept. 28, 2006 at 12:03 PM

WOODCLIFF LAKE, N.J., Sept. 28 (UPI) -- Barr said Thursday it was moving ahead on a deal to acquire Shire's Adderall for $63 million, with a re-launch later this year.

The deal was initially announced in August, but federal law required the companies to allow a 30-day waiting period to elapse before proceeding. The waiting period expired Sept. 27 without any objections from the Federal Trade Commission.

Under the terms of the deal, Barr's subsidiary Duramed will purchase Shire's attention-deficit/hyperactivity disorder treatment Adderall for $63 million. Duramed will re-launch Adderall in the quarter ending Dec. 31, 2006.

Topics: Federal Trade Commission
© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Protesters, police clash at NATO summit Notable deaths of 2012 2012 Billboard Music Awards
The 137th Preakness Stakes Annual Solar eclipse occurs in U.S. Chen Guangcheng arrives in the U.S.
Additional Health News Stories
1 of 29
Members of the Army's Old Guard place flags at Arlington National Ceremtery
View Caption
U.S. flags are seen in the rucksack of a soldier with the Army's 3d U.S. Infantry Regiment, The Old Guard, as he places flags at gravesites in Arlington National Cemetery as part of the Flags-In Memorial Day ceremony on May 24, 2012 in Arlington, Virginia. American flags were placed at each of the more than 220,000 grave markers in honor of those who served and Memorial Day. UPI/Kevin Dietshc
fark
Canada's national archives is being dismantled and scattered, who needs to remember the history...
Man disappears in Niagara Falls whirlpool; presumed to be spinning in his grave
Woman swallows toothbrush while brushing her teeth. Surgeons remove it before Oral B becomes Anal...
MSNBC Host Chris Hayes: I'm 'Uncomfortable' calling fallen military 'Heroes'
What do you REALLY know about the Queen?
A survey reveals that one-third of British pet owners would rather go away with their pet on vacation...