Disposal

AstraZeneca PLC 19 January 2001 AstraZeneca Sells Dental Local Anaesthetic Business to DENTSPLY International Inc. AstraZeneca announced today its decision to divest its dental range of local anaesthetics to DENTSPLY International, Inc. AstraZeneca's portfolio of dental local anaesthetics includes brand names such as 'Xylocaine', 'Citanest' and 'Polocaine/Carbocaine'. AstraZeneca will retain the ownership of these local anaesthetic brand names but will license the rights to DENTSPLY for their dental use. DENTSPLY has also acquired full rights to Oraqix - AstraZeneca's new dental gel for scaling and root planning, which is currently in Stage III clinical trials. The agreement is worth $136.5 million plus future royalty payments on Oraqix. Ake Stavling, Executive Director of AstraZeneca PLC said, 'Following a comprehensive strategic review of our product portfolio, AstraZeneca believes that our dental range of anaesthetics can be better co-ordinated and marketed by a dedicated dental products company. DENTSPLY is strategically aligned to the dental market and is well positioned to maximise the full potential of our dental local anaesthetics.' The dental local anaesthetics line accounts for approximately 7% of the sales of AstraZeneca's total anaesthetic portfolio and about 255 individuals are employed by the business, with the majority being in manufacturing. The terms of the agreement provide for a period of contract manufacture by AstraZeneca on behalf of DENTSPLY. Sales and Marketing employees will either be offered employment by DENTSPLY or elsewhere in the AstraZeneca organisation. AstraZeneca is a major international healthcare business engaged in the research, development, manufacture and marketing of ethical (prescription) pharmaceuticals and the supply of healthcare services. It is one of the top five pharmaceutical companies in the world with 1999 healthcare sales of $13 billion and leading positions in sales of gastrointestinal, oncology, anaesthesia including pain management, cardiovascular, central nervous system (CNS) and respiratory products. The company's Internet site is www.astrazeneca.com. DENTSPLY designs, develops, manufactures and markets a broad range of products for the dental market. The company believes that it is the world's leading manufacturer and distributor of dental prosthetics, endodontic instruments and materials, prophylaxis paste, dental sealants, ultrasonic scalers, and crown and bridge materials; the leading United States manufacturer and distributor of dental x-ray equipment, dental handpieces, dental x-ray film holders, film mounts and bone substitute/grafting materials; and a leading United States manufacturer or distributor of impression materials, orthodontic appliances, dental cutting instruments, intraoral cameras and dental operatory software systems. The company distributes its dental products in over 100 countries under some of the most well established brand names in the industry. Further enquiries to: Michael Olsson Tel +44 (0)20 7304 5087 Ed Seage Tel +44 (0)20 7304 5101 Jorgen Winroth Tel +1 609 896 4148

Companies

AstraZeneca (AZN)
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