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Shionogi USA in the News
August 27, 2004

Shionogi acquires exclusive marketing and distribution rights for CEDAX® (ceftibuten) in the United States

Osaka, Japan and Florham Park, New Jersey USA, August 27, 2004 -- Shionogi & Co., Ltd., a leading Japanese pharmaceutical company focused on the development and commercialization of novel therapeutics, has acquired exclusive marketing and distribution rights for CEDAX® (ceftibuten) in the United States, including Puerto Rico.

Following a brief period of transition, Shionogi USA, Inc., a wholly-owned subsidiary of Shionogi & Co, Ltd., will begin marketing and distributing CEDAX®. Ownership of the CEDAX® NDA will also be transferred to Shionogi USA, Inc. Since it’s formation in 2001, Shionogi USA has focused primarily on advancing clinical development programs for novel therapeutics discovered by Shionogi & Co, Ltd.’s research laboratories in Japan. By obtaining exclusive marketing and distribution rights for CEDAX®, Shionogi USA has now expanded its infrastructure to support commercial activities. In promoting CEDAX®, Shionogi USA will utilize a contract sales force provided by PDI, Inc.

The marketing and distribution of CEDAX® in the United States represents a significant milestone in Shionogi’s long-term globalization strategy. With the expansion of Shionogi USA, Inc., Shionogi & Co, Ltd. is building the infrastructure and expertise necessary to independently support the development and commercialization of pharmaceutical products in the United States.

About Cedax: CEDAX®, a third generation cephalosporin antibiotic, was originally discovered by Shionogi & Co, Ltd. and licensed to Schering-Plough Corporation outside of Japan. The product received US NDA approval in 1995, and was most recently marketed and distributed in the United States by Biovail Pharmaceuticals Inc. CEDAX® is indicated for the treatment of acute exacerbations of chronic bronchitis, acute otitis media, and pharyngitis/tonsillitis. CEDAX® is a once a day medication available in capsules and a cherry-flavored suspension. Additional information on CEDAX® can be found at www.shionogiusa.com/cedax.

For Further Information Contact:
Shionogi & Co., Ltd.
1-8, Doshomachi 3-chome
Chuo-ku, Osaka 541-0045, Japan
Tel: 81-6-6202-2161
www.shionogi.co.jp

Shionogi USA, Inc.
100 Campus Drive, Suite 105
Florham Park, New Jersey 07932
Tel: 973-966-6900
www.shionogiusa.com