Prasco Acquires Rights to Authorized Generic of Adderall XR®

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.

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