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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, JHurvitz@cov.com, 202.662.5319 or Noël Decker, firstname.lastname@example.org, 202.662.6361.