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Covington Advises King Pharmaceuticals in Sale of Prefest® to Barr Subsidiary

November 30, 2004

WASHINGTON, D.C., November 30, 2004 -  Covington & Burling recently assisted King Pharmaceuticals, Inc. (NYSE: KG) in its sale to Duramed Pharmaceuticals, Inc., a subsidiary of Barr Pharmaceuticals, Inc. (NYSE: BRL), of the exclusive rights in the United States for Prefest® (estradiol/norgestimate) Tablets.  The sale price was approximately $15 million.

King Pharmaceuticals focuses on the development of novel branded prescription pharmaceutical products in attractive markets and the strategic acquisition of branded products that can benefit from focused promotion and marketing.

The Covington team was led by John Hurvitz, Ed Dixon, and Sean Reid.  Marie Lavalleye and Andrea Reister assisted on intellectual property matters.

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