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Carter-Wallace Felbatol Successor Is Part Of R&D Rebuilding Under Wild

Executive Summary

A successor to the anti-epileptic Felbatol is among the development projects for Carter-Wallace's healthcare unit following its acquisition by an investment firm run by former Warner-Lambert exec Anthony Wild.

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MedPointe will use $70 mil. from sale of Wampole diagnostics division to acquire additional pharmaceutical products. The company is considering respiratory and pediatric products with annual sales of $30 mil. to $100 mil. to complement its existing portfolio; one or more deals could be announced by the end of the year. MedPointe, lead by former Warner-Lambert exec Anthony Wild, acquired Wampole when it purchased Carter-Wallace's healthcare business in October 2001 (1"The Pink Sheet" May 14, 2001, p. 13). The cash sale of Wampole to Inverness is expected to close in September...

MedPointe gears up for product acquisitions

MedPointe will use $70 mil. from sale of Wampole diagnostics division to acquire additional pharmaceutical products. The company is considering respiratory and pediatric products with annual sales of $30 mil. to $100 mil. to complement its existing portfolio; one or more deals could be announced by the end of the year. MedPointe, lead by former Warner-Lambert exec Anthony Wild, acquired Wampole when it purchased Carter-Wallace's healthcare business in October 2001 (1"The Pink Sheet" May 14, 2001, p. 13). The cash sale of Wampole to Inverness is expected to close in September...

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