Exelon -- Watson Starts Selling Generic Alzheimer's Drug
Posted Jul 01 2010 10:07am
By Bob DeMarcoAlzheimer's Reading Room
Watson Pharmaceuticals Inc. said Thursday it began selling a generic version of Novartis AG's Alzheimer's disease drug Exelon.
Watson said it started shipping generic exelon, or rivastigmine, in doses of 1.5, 3, 4.5, and 6 milligrams. The drug is used to treat dementia in Alzheimer's patients.
Watson said U.S. sales of Exelon were $425 million in the 12 months ended April 30.
Novartis, a Swiss drugmaker, agreed to let Watson launch a generic version of Exelon as part of a patent lawsuit settlement in December 2007.
In morning trading, Watson stock -- WPI -- slid 52 cents to $40.05 and Novartis shares rose 10 cents to $48.42.
Bob DeMarco is the editor of the Alzheimer's Reading Room and an Alzheimer's caregiver. Bob has written more than 1,610 articles with more than 8,000 links on the Internet. Bob resides in Delray Beach, FL.
Watson Pharmaceuticals Inc. said Thursday it began selling a generic version of Novartis AG's Alzheimer's disease drug Exelon.
Watson said it started shipping generic exelon, or rivastigmine, in doses of 1.5, 3, 4.5, and 6 milligrams. The drug is used to treat dementia in Alzheimer's patients.
Watson said U.S. sales of Exelon were $425 million in the 12 months ended April 30.
Novartis, a Swiss drugmaker, agreed to let Watson launch a generic version of Exelon as part of a patent lawsuit settlement in December 2007.
In morning trading, Watson stock -- WPI -- slid 52 cents to $40.05 and Novartis shares rose 10 cents to $48.42.
Source: Bloomberg Business Week
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