09-Jan-2008 - Pfizer Inc.

Hikal signs a manufacturing agreement with Pfizer

Hikal Ltd. announced that it has completed a contract manufacturing agreement for supply of active pharmaceutical ingredients (API's) with Pfizer Inc.

"We are extremely pleased to be selected as a long term contract manufacturer by Pfizer", said Jai Hiremath, Vice Chairman & Managing Director of Hikal Ltd. "This agreement will have a substantial impact on our Pharmaceutical business in the coming years".

"We look forward to working with Hikal, a respected contract manufacturing company and are delighted that they are able to contribute towards supply of APIs for Pfizer products", said Mr. Peter Stevenson, Vice-President, Global Contract Manufacturing, Procurement and Pfizer Center Source, Pfizer Inc.

Terms of the agreement were not disclosed.

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