Barr Pharmaceuticals

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Barr Pharmaceuticals was an American specialty and generic drug manufacturer with operations in 30 countries. Approximately 75% of the company's revenues came from the sale of generic drugs, including 18% of sales which were from the sale of oral contraceptive pills.[1]

It was acquired by Teva Pharmaceutical Industries in 2008 [2] for an estimated $7.46 billion Template:USDCY.[3]

History

Barr Laboratories Inc. was founded in New York in 1970 by Edwin A. Cohen.[4]

Starting in 1991 Barr Laboratories was involved in a scandal stemming from their violation of GMP regulations concerning handling of out-of-specification (OOS) test results.[5] In 1993 Barr Labs lost a lawsuit stemming from these findings, resulting in new industry interpretations of FDA regulations regarding out of specification test results.[6]

In 1993, Bruce L. Downey joined the company as its president and in 1994, he became chairman and chief executive officer of the company.[7]

In 1993, the company settled a patent infringement case and began distributing a generic version of tamoxifen citrate, a treatment for breast cancer.[8]

In 1995, the company received approval to manufacture and sell a generic version of zidovudine (AZT), a treatment for AIDS.[9]

In 1996, the company became the first to receive approval from the Food and Drug Administration to market generic Warfarin, which was previously only sold by DuPont.[10]

In 2001, the company acquired Duramed Pharmaceuticals for $589 million in stock.[11]

In August 2001, after a 5-year legal battle with Eli Lilly and Company, the company began selling a generic version of Prozac.[12]

In 2003, the company acquired Endeavor Pharmaceuticals for $35 million.[13]

In 2004, the company acquired Women's Capital, maker of Plan B emergency contraceptives.[14]

In October 2006, the company acquired Pliva.[15]

On December 23, 2008, the company was acquired by Teva Pharmaceutical Industries and became part of Teva Active Pharmaceutical Ingredients (TAPI).[2]

References

Template:Reflist Template:Pharmaceutical companies of the United States Template:Authority control

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