Allergan Announces Commercialization Collaboration With 3M Pharmaceuticals.IRVINE, Calif.--(BW HealthWire)--Nov. 17, 1999-- Allergan, Inc. (NYSE NYSE See: New York Stock Exchange : AGN AGN Again (Amateur Radio) AGN Active Galactic Nucleus AGN Acute Glomerulonephritis AGN Accountants Global Network AGN Air Gabon (ICAO code) ) announced today that it has entered into a multi-year agreement with 3M Pharmaceuticals, a division of Minnesota Mining and Manufacturing Company (NYSE: MMM MMM Myeloid metaplasia with myelofibrosis, see there ), to co-promote Allergan's proprietary acne product, Tazorac(R) (Tazarotene Gel 0.10%), in the U.S. dermatology market. Tazorac(R) was launched by Allergan in 1997 for mild to moderate plaque psoriasis and, recently, for facial acne vulgaris acne vul·gar·is n. An inflammatory eruption affecting the face, upper back, and chest, consisting of blackheads, cysts, papules, and pustules, and occurring primarily during puberty and adolescence. of mild to moderate severity. 3M Pharmaceutical's sales force began detailing and promoting Tazorac(R) to its dermatology practitioner base in early November. "Allergan is extremely enthused about this co-promotion collaboration with 3M Pharmaceuticals, which has one of the most skillful skill·ful adj. 1. Possessing or exercising skill; expert. See Synonyms at proficient. 2. Characterized by, exhibiting, or requiring skill. dermatology sales forces in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ," said David E.I. Pyott, President and Chief Executive Officer of Allergan. "The relationship with 3M Pharmaceuticals provides Allergan with an established, highly respected marketing partner committed to the commercial success of Tazorac(R) in the acne market. 3M's experience, and its related success in dermatology, made it an ideal co-promotion partner to co-launch Tazorac(R) for acne," continued Mr. Pyott. "As a co-promotion team, 3M and Allergan's combined efforts will dramatically increase Tazorac(R)'s call frequency upon dermatologists. Furthermore, this transaction is highly illustrative of Allergan's commitment to grow its dermatology franchise in the Americas via investing in the growth of Allergan developed products for acne and psoriasis." Forward-looking Statements Any of the above statements that refer to Allergan's estimated or anticipated future results or product performance are forward-looking and reflect the Company's current analysis of existing trends and information. Actual results may differ from current expectations based on a number of factors, including the level of success of the collaboration with 3M Pharmaceuticals and acceptance by physicians and patients of Tazorac(R) as a treatment for facial acne of mild to moderate severity. These forward-looking statements represent the Company's judgment only as of the date of this press release. Actual results could differ materially from expectations reflected in this release. Therefore, the reader is cautioned not to rely on these forward-looking statements. The Company disclaims any intent or obligation to update these forward-looking statements. Additional information concerning these factors can be found in press releases as well as in Allergan's public periodic filings with the Securities and Exchange Commission, including the discussion under the heading "Certain Factors and Trends Affecting Business" in Allergan's 1998 Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . These filings are available publicly and upon request from Allergan's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department: 714-246-4636 or on the internet at http://www.allergan.com. Allergan, Inc. headquartered in Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). , is a technology-driven, global health care company providing eye care and specialty pharmaceutical products worldwide. Allergan develops and commercializes products in the eye care pharmaceutical, ophthalmic surgical device, over-the-counter contact lens contact lens, thin plastic lens worn between the eye and eyelid that may be used instead of eyeglasses. Actors, models, and others wear them for appearance, and athletes use them for safety and convenience. care, movement disorder, and dermatological markets that deliver value to our customers, satisfy unmet medical needs and improve patients' lives. 3M is a $14.2 billion, diversified, international corporation headquartered in St. Paul, Minn. 3M's health care businesses include pharmaceuticals, as well as medical, surgical, dental and consumer health care products. 3M Pharmaceuticals focuses on development of innovative products marketed as drug delivery systems and branded pharmaceuticals. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion