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Endo Agrees To Additional Stay Of Litigation Against FDA - Quick Facts

Endo International plc (ENDP) announced it has agreed to an additional stay of its litigation against the U.S. FDA until December 31, 2018. The company noted that during discussions between Endo's and FDA's respective counsel on September 20, 2018, FDA advised Endo that FDA would commit to use its best efforts to finalize its clinical need determination for vasopressin by December 31, 2018 if Endo agreed to again stay the litigation until such date. Based on FDA's commitment, Endo agreed to the proposed stay. Endo agreed to FDA's prior stay requests in January 2018 and April 2018.

Matthew Maletta, Chief Legal Officer of Endo, said: "In light of FDA's commitment to Endo that FDA will use its best efforts to reach a final clinical need determination for vasopressin by December 31, 2018, we believe that a brief additional stay of our litigation is appropriate to allow FDA to complete its rulemaking process."

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