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Bristol-Myers Squibb Company

Drug Names(s): Mevalotin, Pravastatin Sodium

Description: Pravachol inhibits HMG-CoA reductase, an enzyme required for the synthesis of cholesterol.

Deal Structure: Bristol-Myers licensed a patent covering pravastatin from Sankyo Company, Ltd. (Sankyo) of Japan, with the agreement expiring as exclusivity expires on a market-by-market basis. Exclusivity in the U.S. under the patent (including pediatric extension) expired in April 2006. Under the terms of the license, Bristol-Myers may market and sell pravastatin throughout the world, excluding Japan, Korea, Taiwan and Thailand (markets in which Sankyo retains exclusive patent rights). Sankyo also copromotes and comarkets pravastatin in certain European and Latin American countries.

Partners: Daiichi Sankyo Co., Ltd.

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