20th May 2013 07:00
RECKITT BENCKISER GROUP PLC - Completion of Collaboration AgreementRECKITT BENCKISER GROUP PLC - Completion of Collaboration Agreement
PR Newswire
London, May 19
20 May 2013
RECKITT BENCKISER ANNOUNCES COMPLETION OF LATAM OTC COLLABORATION AGREEMENT
WITH BRISTOL-MYERS SQUIBBSlough, England - 20 May, 2013 - Reckitt Benckiser Group PLC ("RB") (LSE: RBL)announces that the three year collaboration agreement signed with Bristol-MyersSquibb Company (NYSE: BMY) on 10 February 2013 has been completed and thatregulatory approvals, including anti-trust approvals in the relevantjurisdictions, have now been obtained.
The terms of the agreement include the transfer of personnel, supply contractsand an option to acquire legal title to the related intellectual property atthe end of the collaboration period, based on business performance. ReckittBenckiser will account for the transaction as a business combination.
ENDS Investor & Analyst Contacts: Reckitt Benckiser (RB) Richard Joyce Director, Investor Relations +44 1753 217800 Media Contacts: Reckitt Benckiser (RB) Andraea Dawson-ShepherdSVP, Global Corporate Communication & Affairs
+44 1753 446447 Brunswick (Financial PR) David Litterick / Max McGahan +44 (0)20 7404 5959Related Shares:
RB..L