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Biotech / Medical : Oscient Pharmaceuticals Corp. (OSCI)

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From: sjemmeri8/1/2006 9:39:43 AM
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Oscient, Pfizer Get OK To Market Antibiotic In Mexico>OSCI
Dow Jones Newswires - August 01, 2006 9:03 AM ET

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OSCI Trade 0.96 +0.079
PFE Trade 26.14 +0.15
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DOW JONES NEWSWIRES

Oscient Pharmaceuticals Corp. (OSCI) said its antibiotic Factive received approval from the Ministry of Health in Mexico to be marketed as Factive-5 for the five-day treatment of community-acquired pneumonia, acute bacterial exacerbations of chronic bronchitis and acute bacterial sinusitis.

The Waltham, Mass., pharmaceutical company said Pfizer Inc.'s (PFE) Mexico-based Pfizer S.A. de C.V. sub-licensed the rights to develop and market Factive in Mexico in February.

The regulatory approval resulted in an undisclosed milestone payment to Oscient from Pfizer. Oscient also will receive royalties on future sales of the drug in Mexico.

Pfizer prepared the regulatory filing based on the drug's clinical trial dossier and expects to launch Factive-5 in the coming weeks.

-Adam Kuczynski; 201-938-5400; AskNewswires@dowjones.com
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