Press Release

Prasco Acquires Rights to Authorized Generic of Adderall XR®

October 17, 2016

Washington, DC – October 17, 2016 – Cooley advised Prasco Laboratories on its agreements with Teva Pharmaceutical Industries and Shire to acquire the rights to distribute authorized generic versions of Adderall XR® Extended Release Capsules, and represented Prasco before the Federal Trade Commission in obtaining approval for the acquisition.

The FTC required Teva to divest its authorized generic versions of Adderall XR – available in 5 mg, 10 mg, 15 mg, 20 mg and 30 mg capsules – as a precondition to acquiring Allergan plc’s generics business.

Prasco is a privately held healthcare company with more authorized generic partnerships than any other company.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 900 lawyers across 12 offices in the United States, China and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.