Mylan/Aventis Terminate Zagam Deal; Mylan Clears Books Of Pending Suits
Mylan and Aventis are ending the Zagam marketing deal under a settlement of claims arising from supply problems with the antibiotic
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Mylan "has indicated that they are presently marketing the antibiotic Zagam and it remains a part of their Bertek branded product line," the company stated Feb. 16. The generics manufacturer previously indicated that it was discontinuing Zagam (1"The Pink Sheet" Feb. 5, p. 29). Mylan said it wrote down $3.6 mil. of the Zagam (sparfloxacin) product license in its Jan. 30 third quarter report because of "supply issues," and that it "continues to work to try to resolve the issues surrounding Zagam"
Mylan has to give the Federal Trade Commission 30-day advance notice for any exclusive agreements dealing with active pharmaceutical ingredients under a Nov. 29 consent decree.