Dont launch a drug!
A lawsuit, filed with 22 states and the District of Columbia, alleges that Warner Chilcott agreed to pay Barr $20 million to keep it from marketing a generic version of Ovcon, an oral contraceptive.
Beginning in 2000, Warner Chilcott became the exclusive U.S. distributor of Ovcon. In September 2001, Barr filed an application with the U.S. Food & Drug Administration to bring a generic version of Ovcon to market.
Barr announced that the generic product would be for sale by 2003. Warner Chilcott paid Barr $1 million for an option agreement, according to government investigators.
Under the terms of the agreement, once Barr received FDA approval to market generic Ovcon, Warner Chilcott had 90 days to pay Barr $19 million. Once Warner Chilcott made this payment, Barr would be prevented from selling the generic drug.
Source: Michael Rose at statesmanjournal.com
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