Watson acquires CoCensys sales division, copromotion rights to Somerset Eldepryl, Warner-Lambert Zarontin.
Executive Summary
WATSON TO COPROMOTE SOMERSET ELDEPRYL, WARNER-LAMBERT ZARONTIN as part of Watson's agreement to acquire CoCensys' sales and marketing division for $9 mil. in cash. Watson will take over approximately 70 CoCensys U.S. sales personnel through the transaction. CoCensys received $6 mil. on closing, with the balance to be paid upon the occurrence of certain future events.