Pfizer Products Acquisition

Alliance Pharma PLC 06 July 2006 For Immediate Release 6 July 2006 ALLIANCE PHARMA PLC ('Alliance Pharma' or 'the Company') Expansion of UK skincare portfolio through product acquisitions from Pfizer Alliance Pharma plc (AIM: APH), the speciality pharmaceutical company, is pleased to announce that it is further expanding its dermatology portfolio through the acquisition from Pfizer of the UK rights to three products: the oral antihistamine AtaraxTM, the oral steroid DeltacortrilTM and TerracortrilTM, a topical combination steroid. Atarax and Deltacortril had combined annualised sales of around £2.8 million in the UK in the 12 months to May 2006. For each of the three brands, Alliance will transfer the manufacturing, reformulate the products to improve their profitability and will then pay Pfizer a consideration out of cashflow over the following three years. Sales of Atarax, which is used increasingly to treat itchy skin disorders, are growing steadily at 11% per annum. The product will further strengthen Alliance's dermatology portfolio, which has been built through the selective acquisition of products and companies. Deltacortril, is used for a wide range of steroid-responsive conditions such as asthma, ulcerative colitis, rheumatoid arthritis and eczema. It has a mature sales profile and as such will fit well into Alliance's portfolio of unpromoted, stable-selling products which deliver the cashflow to fund the Company's development pipeline. Alliance plans to relaunch Terracortril which has been off the UK market for some 18 months. The product is used by specialised burns units and its return has been canvassed by clinicians. John Dawson, Alliance Pharma's Chief Executive, commented: 'We are very pleased Pfizer selected Alliance as its partner to help rationalise their portfolio. These are important medicines and we are pleased to be able to ensure their continued availability via our process of manufacturing optimisation. Our dermatology portfolio has been a key area of focus for Alliance during the past year so I am delighted by this acquisition of three important brands to expand our franchise. In addition to treating skin conditions two of these three products treat other indications and we look forward also to serving those treatment areas.' Carl Davis, Head of Business Development for Pfizer Limited, said: 'Pfizer has a commitment to partnering with organisations to deliver healthcare benefits. We are very pleased to partner with Alliance on Atarax, Deltacortril and Terracortril as their strategic focus will ensure a wide range of patients will continue to benefit from these medicines. As the world's leading pharmaceutical company, we are happy to support an emerging British company.' For further information: Alliance Pharma plc + 44 (0) 1249 466966 John Dawson, Chief Executive Maddy Scott, Finance Director www.alliancepharma.co.uk Buchanan Communications + 44 (0) 20 7466 5000 Mark Court/ Rebecca Skye Dietrich/Lisa Baderoon Pfizer Press Office + 44 (0) 1737 332332 Lisa O'Neill Notes to editors About Alliance Pharma Alliance Pharma, founded in 1996, is an AIM listed speciality pharmaceutical company based in Chippenham, Wiltshire, UK. The company has a strong track record of acquiring the rights to established niche brands and owns, or shares, the rights to 32 branded pharmaceutical products and continues to explore opportunities to expand the range. Alliance Pharma's products are prescribed in the treatment of a wide range of conditions and include brands used in periodontitis (a serious gum disease), the prevention of heart disease, in Parkinson's disease, in nutrition, in nasal infections, in the treatment of dermatological conditions and in childbirth. Alliance Pharma's sales are mainly prescription driven. Its products are distributed to hospitals directly and to UK and International pharmaceutical wholesalers which service both hospital and retail pharmacies with their prescription requirements. Alliance Pharma is also developing Posidorm(R) for sleep disorders and Isprelor (R) for the induction of labour. Alliance Pharma joined the AIM market of the London Stock Exchange in December 2003 and trades under the symbol APH. About Pfizer Pfizer, with its UK business headquarters in Surrey and global headquarters in New York, is a research-based global pharmaceutical company. Pfizer discovers, develops, manufactures and markets leading prescription medicines for humans and animals, and many of the world's best-known consumer treatments. Every month, over two million patients in the UK are prescribed a Pfizer medicine. It is estimated that on any given day, 40 million people around the world are treated with a Pfizer medicine. This information is provided by RNS The company news service from the London Stock Exchange
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