Watson Pharmaceuticals to divest injectable production facility in US

Published: 31-Mar-2006

Watson Pharmaceuticals, the specialty pharmaceutical company headquartered in California, US, which makes and distributes branded and generic pharmaceutical products, is to divest its injectable manufacturing facility located in Phoenix, Arizona.


Watson Pharmaceuticals, the specialty pharmaceutical company headquartered in California, US, which makes and distributes branded and generic pharmaceutical products, is to divest its injectable manufacturing facility located in Phoenix, Arizona.

The Phoenix facility currently manufactures 15 products, including several for third parties. Over the next twelve months, the company plans to establish contract manufacturing agreements for key products with third-party suppliers or with a new owner of the facility. Watson will close the facility by the end of the second quarter in 2007, if no suitable buyer has been found.

The Phoenix facility is the only sterile injectable manufacturing operation owned by Watson and is unprofitable, working below capacity. The facility was acquired in 2000 as part of the company's acquisition of Schein Pharmaceutical and has around 236 employees.

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