HAYWARD, Calif.--(BUSINESS WIRE)--Oct. 1, 2009--
Impax Laboratories, Inc. (NASDAQ:IPXL) today announced that it is
commencing shipment of its authorized generic version of Adderall XR®
Capsules, 5mg, 10mg, 15mg, 20mg, 25mg and 30mg, through Global
Pharmaceuticals, Impax’s generic division. Shire Pharmaceuticals markets
Adderall XR® for the treatment of Attention Deficit Hyperactivity
Disorder (ADHD).
In January 2006, Impax Laboratories entered into a license and
promotional agreement with Shire as part of a settlement of patent
litigation between the parties. Under the settlement, Shire permitted
the Company to enter the market as Shire’s authorized generic and market
generic versions of Adderall XR® Capsules in the United States no later
than January 1, 2010.
According to Wolters Kluwer Health, U.S. sales of Adderall XR® 5mg,
10mg, 15mg, 20mg, 25mg and 30mg capsules were approximately $1.5 billion
for the 12 months ended July 31, 2009.
About Impax Laboratories, Inc.
Impax Laboratories, Inc. is a technology based specialty pharmaceutical
company applying its formulation expertise and drug delivery technology
to the development of controlled-release and specialty generics in
addition to the development of branded products. Impax markets its
generic products through its Global Pharmaceuticals division and markets
its branded products through the Impax Pharmaceuticals division.
Additionally, where strategically appropriate, Impax has developed
marketing partnerships to fully leverage its technology platform. Impax
Laboratories is headquartered in Hayward, California, and has a full
range of capabilities in its Hayward and Philadelphia facilities. For
more information, please visit the Company's Web site at: www.impaxlabs.com.
"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995:
To the extent any statements made in this news release contain
information that is not historical, these statements are forward-looking
in nature and express the beliefs and expectations of management. Such
statements are based on current expectations and involve a number of
known and unknown risks and uncertainties that could cause the Company’s
future results, performance or achievements to differ significantly from
the results, performance or achievements expressed or implied by such
forward-looking statements. Such risks and uncertainties include, but
are not limited to; ability to timely file periodic reports required by
the Exchange Act; ability to maintain an effective system of internal
control over financial reporting; ability to sustain profitability and
positive cash flows; ability to maintain sufficient capital to fund
operations; any delays or unanticipated expenses in connection with the
construction of our Taiwan facility; ability to successfully develop and
commercialize pharmaceutical products; the uncertainty of patent
litigation; consumer acceptance and demand for new pharmaceutical
products; the impact of competitive products and pricing; the difficulty
of predicting Food and Drug Administration filings and approvals;
inexperience in conducting clinical trials and submitting new drug
applications; reliance on key alliance agreements; the availability of
raw materials; the regulatory environment; exposure to product liability
claims; fluctuations in operating results and other risks described in
our Annual Report on Form 10-K for the year ended December 31, 2008.
Forward-looking statements speak only as to the date on which they are
made, and Impax undertakes no obligation to update publicly or revise
any forward-looking statement, regardless of whether new information
becomes available, future developments occur or otherwise.
Source: Impax Laboratories, Inc.
Impax Laboratories, Inc.
Mark Donohue
Sr. Director
Investor Relations
215-933-3526
www.impaxlabs.com