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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
December 22, 1994
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Rhone-Poulenc Rorer Inc.
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(Exact name of registrant as specified in its charter)
Pennsylvania 1-5851 23-1699163
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(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification No.)
500 Arcola Road, Collegeville, PA 19426
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (610)454-8000
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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Rhone-Poulenc Rorer Inc. announced in a December 22,
1994 press release that it had signed definitive agreements
for the transfer of its OTC business in the United States
(including Puerto Rico) and Canada to Ciba-Geigy Limited.
The products include Maalox(R), Ascriptin(R), and
Perdiem(R). The terms of the agreements call for an initial
up-front payment by Ciba of $189 million for certain assets
and intellectual property rights. Additional annual
royalties of $24 million are payable for seven years. At
the end of the seven year period, Ciba has the option to
purchase the product intellectual property assets in the
U.S. for approximately $143 million.
Among the assets included are RPR's inventory and Fort
Washington, Pa, production facility.
In 1994 the sales of RPR's OTC business in the U.S.
and Canada were approximately $150 million of which
Maalox(R) accounted for approximately two-thirds.
Through the agreement the companies will work together
on brand development worldwide while Ciba commits itself to
Maalox(R) in the U.S. and Canada. A potential avenue for
future switches of products from prescription to OTC has
also been established in the U.S. and Canada.
A total of 480 people support RPR's U.S./Canada OTC
business. Of these, 380 are at the Fort Washington
manufacturing site, with the remainder in sales, marketing
and business support positions spread throughout the U.S.
and Canada. Ciba is committed to hire at least 360 people,
consisting principally of Fort Washington plant personnel.
All decisions regarding the workforce are expected by the
end of January 1995.
Rhone-Poulenc Rorer Inc. announced in a December 30,
1994 press release that the transfer of its OTC business in
the United States to Ciba Geigy Limited had been complete.
In addition, clearance under the U.S. Hart-Scott Rodino
Antitrust Improvements Act of 1976 had been received. Final
approval on the Canadian portion of the transaction is
pending from the Canadian Investment authorities.
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned
hereunto duly authorized.
RHONE-POULENC RORER INC
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(registrant)
Dated: January 6, 1995 By: /s/ Patrick Langlois
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Patrick Langlois
Senior Vice President and
Chief Financial Officer
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