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Covington Assists AstraZeneca in its Sale of Sular to First Horizon Pharmaceutical

February 14, 2002

February 14, 2002 - Washington, D.C. - Covington & Burling advised AstraZeneca (NYSE: AZN) in its sale of US distribution rights for Sular® (nisoldipine) to First Horizon Pharmaceutical Corp. (Nasdaq: FHRX) in a deal valued at up to $175 million.

Sular, which is manufactured by Bayer AG, is a once-a-day treatment for high blood pressure (hypertension). Sular had U.S. net sales of approximately $46 million in 2001.

Assisting AstraZeneca on the transaction were John Hurvitz, Ed Dixon, Marianna Horton and Ann Eirich of Covington & Burling.

For more information, please contact John A. Hurvitz,, 202.662.5319 or Noël Decker,, 202.662.6361.

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