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Exhibit 10.24
EMPLOYMENT AGREEMENT dated December 10, 1998 by and among Arnold S. Lippa
(the "Executive") and DOV Pharmaceutical, Inc., a New Jersey corporation (the
"Company").
WHEREAS, the Company and the Executive desire to enter into this
Employment Agreement to assure the Company of the continued services of the
Executive and to set forth the duties and compensation of the Executive, all
upon the terms and conditions hereinafter set forth;
NOW, THEREFORE, in consideration of the agreements and covenants contained
herein, the Executive and the Company hereby agree as follows:
ARTICLE I
EMPLOYMENT
SECTION 1.01. TERM. Unless sooner terminated pursuant to Article III
hereof, the initial term of this Employment Agreement shall commence on the date
of this Employment Agreement and shall terminate on the date that is three years
thereafter (the "Initial Employment Period"). Unless sooner terminated pursuant
to Article III, the parties may renew this Employment Agreement for one year
(each such one year period hereinafter referred to as a "Renewal Period"; the
Initial Employment Period and all Renewal Periods hereinafter referred to as the
"Employment Period").
SECTION 1.02. POSITION. The Company shall employ the Executive and the
Executive shall serve as Chief Executive Officer during the Employment Period.
SECTION 1.03. DUTIES. (a) Subject to the powers,. authorities and
responsibilities vested in the Board of Directors of the Company (the "Board")
under the General Corporation Law of the State of New Jersey, the Executive
shall have such responsibilities and authorities as are customarily exercisable
by the Chief Executive Officer of a corporation. The Executive shall also
perform such other executive and administrative duties (not inconsistent with
the position of Chief Executive Officer) as the Executive may reasonably be
expected to be capable of performing on behalf of the Company, and any
subsidiaries and affiliates of the Company as may from time to time be
authorized or directed by the Board.
(b) During the Employment Period, the Executive shall perform faithfully
the duties assigned to him hereunder to the best of his abilities and devote his
full business time and attention to the Company's business.
(c) The company shall provide and pay for an Errors and Omissions policy
insuring the Executive against any and all liability arising out of the
performance of his duties, and shall protect, defend and save the Executive
harmless from such liability.
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ARTICLE II
COMPENSATION
SECTION 2.01. BASIC COMPENSATION. As compensation for the Executive's
services hereunder, the Company shall pay to the Executive an annual salary of
$175,000 (as adjusted, the "Basic Compensation"), payable in bi-weekly
installments. The Basic Compensation shall be increased by no less than 10% per
year.
SECTION 2.02. INCENTIVE COMPENSATION. (a) In addition to his Basic
Compensation, the Company shall pay to the Executive incentive compensation
("Incentive Compensation") as follows:
(i) if the Company achieves the following milestones, the
Executive shall receive the respective amounts as set forth below:
$50,000 for each in-licensing or out-licensing of a
pharmaceutical compound to be developed by the Company
including through strategic partners provided in each
case that it be approved by the Board of Directors with
the affirmative vote of an independent member
$10,000 for each milestone listed in Exhibit A
(ii) performance bonuses as may be determined in the
discretion of the Board upon recommendation of the Compensation Committee.
(b) The Incentive Compensation shall be paid to the Executive within
30 days after the occurrence of the event entitling the Executive thereto.
SECTION 2.03. OTHER BENEFITS. (a) During the Employment Period, the
Company shall provide the Executive and maintain on the Executive's behalf
comprehensive medical insurance, dental insurance, disability insurance and life
insurance on the life of the Executive. In addition, the Executive shall have
the right to participate in the Company's other programs for the benefit of
employees in accordance with their terms and as the same may be amended or
modified from time to time.
(b) The Executive shall be eligible to participate in the Company's
Stock Option Plan.
(c) The Company shall pay to or on behalf of the Executive a minimum
monthly automobile allowance of $675.
(d) The Executive shall be entitled to six weeks of paid vacation in
each calendar year. The Executive shall also be entitled to the same standard
paid holidays given by the Company to senior executives generally, all as
determined from time to time by the Board or
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appropriate committee thereof. Vacation time shall cumulate and carry forward
from year to year provided that the Executive shall not be entitled to more than
10 weeks of vacation in any one year without the permission of the independent
members of the Board and provided that the Chief Executive Officer shall
coordinate his vacation schedule with the President.
(e) The Company shall reimburse the Executive for travel or other
expenses or disbursements reasonably incurred or made by him in connection with
the Company's business during the Employment Period upon receipt of reasonable
documentation thereof.
(f) The benefits set forth in this Section 2.03 shall be
collectively referred to as the "Benefits."
ARTICLE III
TERMINATION OF EMPLOYMENT
SECTION 3.01. TERMINATION OF EMPLOYMENT BY COMPANY.
(a) Except as otherwise provided in this Article III and in Article IV,
upon the occurrence of any of the following events, this Employment Agreement
and the rights and obligations of the parties hereunder shall terminate:
(i) "Disability" (as defined in Section 3.05) of the Executive;
(ii) conduct by the Executive constituting "Cause" (as defined in
Section 3.05).
(b) In the case of termination pursuant to Section 3.01(a)(i), the Company
shall be obligated to pay the Executive and the Executive shall be entitled to
receive, in complete and total satisfaction of the obligations of the Company
hereunder, an amount equal to his Basic Compensation, Incentive Compensation and
Benefits for the period commencing on the date of termination and ending on the
date that is nine months after the date of termination. The Basic Compensation,
earned but unpaid Incentive Compensation and Benefits shall be paid in the
manner and at the intervals provided in Article II.
(c) In the case of termination pursuant to Section 3.01(a)(ii), the
Company shall be obligated to pay the Executive and the Executive shall be
entitled to receive, in complete and total satisfaction of the obligations of
the Company hereunder, an amount equal to his Basic Compensation earned but
unpaid, Incentive Compensation and Benefits through the date of such
termination.
(d) In the case of termination of the Executive by the Company other than
pursuant to Section 3.01(a)(i) or (ii) or Section 3.02, the Company shall be
obligated to pay the Executive and the Executive shall be entitled to receive,
in complete and total satisfaction of the obligations of the Company hereunder,
an amount equal to the Executive's Basic Compensation, Incentive Compensation
and all amounts to be paid and benefits to be provided pursuant to Article II
for
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the period commencing on the date of termination and ending on the later of (i)
the date that is two years after the date of such termination and (ii) the date
three years from the date of this Employment Agreement. The Basic Compensation
due to the Executive pursuant to this Section shall be paid in full on the date
of termination of the Executive. The Incentive Compensation and Benefits shall
be paid at the intervals set forth in Article II. In addition, if this agreement
is terminated pursuant to this paragraph, the Executive shall immediately have
the right to exercise all stock options contained in the Stock Option Plan,
including those options for which the period during which such options may be
exercised has not yet commenced.
SECTION 3.02. DEATH. In the event of the death of the Executive during the
Employment Period, the Employment Period shall terminate on the date of death
and the Executive's designated beneficiary or, if none, his estate shall be
entitled to receive, in complete and total satisfaction of the Company's
obligations hereunder, any accrued and unpaid Basic Compensation, Incentive
Compensation and Benefits, as appropriate, through such date of death and for a
period of 90 days thereafter.
SECTION 3.03. TERMINATION OF EMPLOYMENT BY THE EXECUTIVE. (a) If during
the Employment Period there should occur any of the following events (each of
the following being an event giving the Executive the right to resign for "Good
Reason"): (i) a change in the title and/or responsibilities of the Executive,
such that the Executive is no longer the Chief Executive Officer of the Company
and no longer has such responsibilities and authorities as are customarily
exercisable by the Chief Executive Officer of a corporation or (ii) a failure by
the Company to provide the Executive with the Basic Compensation, Incentive
Compensation or Benefits, other than a failure that is not in bad faith and is
remedied by the Company within 15 days after receipt of notice thereof given by
the Executive, or (iii) a breach by the Company of any of the material terms of
this Agreement that is not remedied by the Company within 15 days of notice
thereof by the Executive, the Executive may elect to terminate his employment by
notice to the Company (subject to Article IV). If the Executive exercises such
election, the Employment Period shall terminate effective upon the later to
occur of: (x) the receipt of such notice by the Company and (y) the expiration
of the 15-day period referred to in Section 3.03(a)(ii) or (iii).
(b) If the Executive exercises his election to terminate the rights and
obligations of the parties pursuant to Section 3.03(a), the Company shall be
obligated to pay the Executive and the Executive shall be entitled to receive in
complete and total satisfaction of the obligations of the Company hereunder, an
amount equal to his Basic Compensation, Incentive Compensation and Benefits for
the period commencing on the date of such termination and ending on the later of
(i) the date that is two years after the date of such termination and (ii) the
date that is three years after the date of this Employment Agreement. The Basic
Compensation shall be paid in full on the date of termination. The Incentive
Compensation and Benefits shall be paid at the intervals set forth in Article
II. In addition, if this agreement is terminated pursuant to this paragraph, the
Executive shall immediately have the right to exercise all stock options
contained in the Stock Option Plan, including those options for which the period
during which such options may be exercised has not yet commenced.
(c) If the Executive terminates this Employment Agreement for any reason
other than those contained in Section 3.02 and Section 3.03(a), the rights and
obligations of the parties
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hereunder shall terminate immediately (except as otherwise provided in Article
IV) and the Employment Period shall terminate immediately except that the
Executive shall be entitled to receive, in complete and total satisfaction of
the obligations of the Company hereunder, his Basic Compensation, Incentive
Compensation and Benefits through the date of such termination.
SECTION 3.04. CHANGE OF CONTROL Notwithstanding anything to the contrary
contained herein, in the event of a Change of Control (as defined in Section
3.05), or in the event that the Executive is terminated or the Executive
terminates his employment pursuant to Section 3.03(a) in connection with or
within six months following the Change of Control, then the Company shall be
obligated to pay the Executive, and the Executive shall be entitled to receive
in complete and total satisfaction of the obligations of the Company hereunder,
an amount equal to the Executive's Basic Compensation, Incentive Compensation
and Benefits for the period commencing on the date of termination and ending on
the later of (a) the date that is two years after the date of such termination
and (b) the date three years from the date of this Employment Agreement. The
Basic Compensation due to the Executive pursuant to this Section 3.04 shall be
paid in full on the date of the termination of the Executive. The Incentive
Compensation and Benefits shall be paid at the intervals set forth in Article
II. In addition, if this agreement is terminated pursuant to this paragraph, the
Executive shall immediately have the right to exercise all stock options
contained in the Stock Option Plan, including those options for which the period
during which such options may be exercised has not yet commenced.
SECTION 3.05. DEFINITIONS OF CERTAIN TERMS (a) "Disability" shall mean any
physical or mental condition of the Executive that renders the Executive
incapable of performing any substantial portion of the services contemplated
hereby (as confirmed by competent medical evidence) and that has continued for
at least 90 consecutive business days in any 12 month period or a total of six
months during any twelve month period.
(b) The following shall constitute conduct entitling the Company to
terminate the Executive's employment for "Cause": (i) the Executive's willful
refusal to perform or substantial disregard of the Executive's duties to the
Company that is not cured within 10 days of notice (specifying the failure)
thereof from the Board, (ii) the commission by the Executive of a willful and
material breach of Article IV or (iii) the conviction of any felony by the
Executive (or the equivalent thereof under the laws of any state). It shall be
presumed that any termination of the Executive by the Company is without Cause,
and such presumption may only be overcome by clear and convincing evidence that
the termination of Executive's employment can properly be construed as for
Cause. If the issue of "Cause" is litigated in a proceeding in any court or
through any means of alternative dispute resolution and such issue is resolved
in the Executive's favor, then the Company shall reimburse the Executive for all
reasonable attorney's fees, costs and expenses incurred by the Executive in such
proceeding.
(c) "Change of Control" shall mean: (i) a merger or consolidation of
the Company with or into another corporation other than a transaction (A) in
which the Company is the surviving Corporation or (B) merging or consolidating
the Company with any corporation controlling, controlled by or under common
control with the Company (in which case the surviving corporation shall be
deemed the "Company" for purposes of this Employment Agreement), (ii) the sale
of all or substantially all the assets of the Company to any corporation
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or entity, other than a sale to any corporation or entity controlling,
controlled by or under common control with the Company prior to such transaction
(in which case the surviving corporation shall be deemed the "Company" for
purposes of this Employment Agreement) or (iii) a change in the Board such that
at least two of Drs. Beer, Lippa and Horovitz or their designees or replacements
reasonably satisfactory to the Executive fail to remain on the Board.
SECTION 3.06. SALE OF THE COMPANY. (a) If during the Initial Employment
Period, or any three-year period during the Employment Agreement, one or more
Sales (as hereinafter defined) of the Company and/or any other entity or
entities controlled by or under common control with the Company results in
aggregate Gross Proceeds (as hereinafter defined) of such Sale or Sales of at
least $35 million, or $35 million and an additional $5 million for each year
after the Initial Employment Period counted in such three-year period, the
Company shall pay to the Executive a bonus (the "Sales Bonus"). The Sales Bonus
due to the Executive shall be payable at (i) the closing of such Sales where the
Gross Proceeds of such Sale when added to the Gross Proceeds of all prior Sales
causes the aggregate Gross Proceeds of all Sales to equal or exceed $35 million
or such higher amount (the "Bonus Commencement Sale") and (ii) the closing of
each Sales subsequent to the Bonus Commencement Sale provided that if the Sales
Bonus is not funded by the Purchaser it shall be payable as soon as practicable.
(b) "Sale" shall mean: (i) a merger or consolidation of the Company with
or into another entity other than a transaction merging or consolidating the
Company with any entity controlling, controlled by or under common control with
the Company prior to such transaction, (ii) the sale of all or substantially all
the assets of the Company to any entity, other than a sale to any entity
controlling, controlled by or under common control with the Company prior to
such transaction, or (iii) a transaction or the last of a series of transactions
as a result of which 51% or more of the capital stock of the Company is
transferred to one or more third parties.
(c) "Sale Bonus" shall mean 2% of all Gross Proceeds received by the
Company and its subsidiaries provided that the Sales Bonus may be modified or
restructured to the extent necessary to accomplish pooling of interest
accounting treatment if required by the purchaser.
(d) "Gross Proceeds" shall mean the sum of the aggregate fair market value
(i) of any securities issued and any other non-cash consideration delivered
(including any joint venture interest delivered to or retained by the Company
and/or its subsidiaries) and any cash consideration paid to the Company and its
subsidiaries in connection with a Sale, and the amount of all indebtedness of
the Company that is assumed or acquired by a purchaser or is retired in
connection with the Sale, or (ii) of all securities surrendered to and issued by
the surviving entity in the event of a merger, or (iii) of all securities issued
by the resulting entity in the event of a consolidation.
ARTICLE IV
NON-COMPETITION; CONFIDENTIAL INFORMATION
SECTION 4.01. NON-COMPETITION. (a) Subject to Sections 4.01(b) and
4.01(c), the Executive shall not engage in any activities, whether as employer,
proprietor, partner,
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stockholder (other than as the holder of less than 5% of the stock of a
corporation listed on a national securities exchange or in the National
Association of Securities Dealers, Inc. Automated Quotation System (such a
corporation being hereinafter referred to as a "Public Corporation")), director,
employee, consultant or otherwise, of any company with substantially the same
business as or competes directly with the Company in the United States during
the following periods:
(i) the Employment Period; and
(ii) During any period after the termination of this
Employment Agreement pursuant to Article 3 for which the Executive is being or
has been paid.
(b) The Executive shall not be deemed to be in breach of this Employment
Agreement by reason of services performed for a subsidiary or affiliate of the
Company.
(c) Notwithstanding anything to the contrary contained herein, if the
Company finds that the Executive has violated any covenants contained in Section
4.01, 4.02 or 4.03, then the Company shall be obligated to pay any amounts due
to the Executive ("Escrow Amount") to Joseph R. Siegelbaum, Esq., as escrow
agent ("Escrow Agent") at Friedman Siegelbaum LLP, Seven Becker Farm Road,
Roseland, New Jersey 07068. Escrow Agent shall hold the Escrow Amount in escrow
until a court or agency legally empowered to enforce the covenants contained in
Section 4.01, 4.02 and 4.03 reaches a final determination as to whether the
Executive has violated any such covenants or until mutually instructed by the
parties. Escrow Agent shall disburse the Escrow Amount in accordance with such
court or agency's final determination or pursuant to such party instructions.
The Executive may apply for an interim order or directive enjoining such escrow
and ordering the payments of such amounts to the Executive.
SECTION 4.02. NON-INTERFERENCE. During the Employment Period and the
period of non-competition as determined pursuant to Section 4.01(a), the
Executive:
(a) Shall not publicly disparage any of the products, services or actions
of the Company or any of the Company's subsidiaries or affiliates; and
(b) Shall not, whether for his own account or for the account of any other
individual, partnership, firm, corporation or other business organization,
solicit, endeavor to entice away from the Company, or otherwise interfere with
the relationship of the Company with any person or entity who is, or was within
the then most recent 12-month period, a customer or client of the Company.
SECTION 4.03. TRADE SECRETS. The Executive shall not, at any time during
the Employment Period and for a period of three years thereafter, use (except
for the sole benefit of the Company, the Company's subsidiaries and affiliates)
or, without the written consent of the Board, divulge to any person (other than,
during the Employment Period, an executive of the Company or any of the
Company's subsidiaries or other person to whom disclosure is reasonably
necessary or appropriate or legally required in connection with the Executive's
duties hereunder) any trade secrets or other confidential information of the
Company or any of its subsidiaries or
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affiliates, except to the extent that (a) such information becomes a matter of
public record, or is published in a newspaper, magazine or other periodical
available to the general public, in each case, through no violation of this
Employment Agreement by the Executive or (b) such disclosure is required by oral
questions, interrogatories, requests for information or documents, subpoena,
civil investigative demand or similar process provided that the Executive shall
immediately notify the Company of the existence, terms and circumstances
surrounding such a request so that they may seek an appropriate protective
order. When the Executive ceases to be employed by the Company, the Executive
shall surrender to the Company all records and documents in any form obtained by
him or entrusted to him during the course of his employment hereunder (together
with all copies thereof) which pertain to the business of the Company or its
subsidiaries or affiliates or which were paid for by the Company or any of the
Company's subsidiaries or affiliates provided that the Executive may retain
copies of such documents as may be necessary for the Executive's personal
records for federal income tax purposes or, with the approval of the Board, for
other purposes relating to the Executive's legal affairs, which approval shall
not be unreasonably withheld.
SECTION 4.04. SURVIVAL OF TERMS. The covenants contained in Sections 4.01,
4.02 and 4.03 shall survive the conclusion of the Executive's employment by the
Company in accordance with their respective terms.
ARTICLE V
MISCELLANEOUS
SECTION 5.01. SERVICES AS OFFICER OR DIRECTOR. During the Employment
Period, the Executive shall, if elected or appointed, serve as a director of the
Company and as an officer and/or director of all current and future subsidiaries
and affiliates of the Company without any additional compensation for such
services provided that the Executive shall be provided with reasonable and
customary directors' and officers' liability insurance if any such corporation
is or becomes publicly held and further provided that the Company shall cause
any such subsidiary and/or affiliate to protect, defend and save the Executive
harmless from any and all liability arising out of the performance of the
Executive's duties as director and/or officer.
SECTION 5.02. CONFLICTS. The Executive hereby warrants and represents that
he is not under any legal or contractual obligation that would conflict in any
manner with the obligations and duties he is undertaking herein, and that his
execution of this Employment Agreement shall not breach any agreement to which
he is now a party. The Executive further agrees to reimburse and hold the
Company harmless for any costs, damages or fees sustained or expended by the
Company as a result of this untruth of the representations or breach of
warranties contained in this Section 5.03.
SECTION 5.03. RIGHT TO CHANGE BUSINESS. This Employment Agreement and any
rights or privileges granted to the Executive hereunder shall not in any way
prevent the Company or any of the Company's subsidiaries from exercising its
corporate powers to modify, restructure, enlarge, discontinue or otherwise
affect the business operations or activities of such entity.
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SECTION 5.04. NOTICES. Any notice or request required or permitted to be
given under this Employment Agreement shall be sufficient if in writing and
delivered personally or sent by registered mail, return receipt requested, to
the addresses set forth below or to any other address designated by either party
by notice similarly given. Such notice shall be deemed to have been given upon
the personal delivery thereof or three days after the date of such mailing
thereof, as the case may be.
If to the Executive, to:
300 Winston Drive
Apt. 2816
Cliff Side Park, NJ 07010
If to the Company, to:
DOV Pharmaceutical, Inc.
One Parker Plaza
Fort Lee, New Jersey 07024
With a copy to:
Friedman Siegelbaum LLP
Seven Becker Farm Road
Roseland, New Jersey 07068
Attn: Joseph R. Siegelbaum, Esq.
SECTION 5.05. ASSIGNMENT AND SUCCESSION. The Executive acknowledges that
the services to be rendered by him hereunder are unique and personal.
Accordingly, the Executive may not assign any of his rights or delegate any of
his duties or obligations under this Employment Agreement. The rights and
obligations of the Company under this Employment Agreement shall inure to the
benefit of and be binding upon its successors and assigns.
SECTION 5.06. HEADINGS. The headings contained in this Employment
Agreement are for convenience of reference only and shall not define or limit
the provisions hereof.
SECTION 5.07. APPLICABLE LAW. This Employment Agreement shall be
interpreted in accordance with, and the rights of the parties hereto, shall be
determined by the laws of the State of New Jersey, without regard to conflict of
law rules. Each party hereby irrevocably consents and submits to the IN PERSONAM
jurisdiction of any court of general jurisdiction in the State of New Jersey
which shall serve as the sole and exclusive forum in any suit, action or
proceeding arising out of or in connection with this Employment Agreement.
SECTION 5.08. WITHHOLDING TAXES. The Company may withhold from any amounts
payable under this Employment Agreement such federal, state or local taxes as
shall be required to be withheld pursuant to any applicable law or regulations.
SECTION 5.9. ENTIRE AGREEMENT; AMENDMENTS. This Employment Agreement
contains the entire understanding of the parties hereto with regard to the
subject matter contained herein, and supersedes all prior agreements,
understandings or intents between the parties hereto or any
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related parties. This Employment Agreement may be amended, modified or
supplemented only pursuant to Section 4.04 or by a writing signed by both
parties hereto.
SECTION 5.10. WAIVERS. Any term or provisions of this Employment Agreement
may be waived, or the time for its performance may be extended, by the party or
parties entitled to the benefits thereof but only to the extent evidenced by a
writing executed by such party. The failure of any party hereto to enforce at
any time any provision of this Employment Agreement shall not be construed to be
a waiver of such provision, nor in any way to affect the validity of this
Employment Agreement or any part hereof or the right of any party thereafter to
enforce each and every such provision. No waiver of any breach of this
Employment Agreement shall be held to constitute a waiver of any other or
subsequent breach.
SECTION 5.11. PARTIAL INVALIDITY. Wherever possible, each provision hereof
shall be interpreted in such manner as to be effective and valid under
applicable law, but in case any one or more of the provisions contained herein
shall, for any reason, be held to be invalid, illegal or unenforceable in any
respect and cannot be modified in accordance with Section 4.04, such invalidity,
illegality or unenforceability shall not affect any other provisions of this
Employment Agreement, and this Employment Agreement shall be construed as if
such invalid, illegal or unenforceable provision or provisions had never been
contained herein unless the deletion of such provision or provisions would
result in such a material change as to cause the remaining terms hereof to be
unreasonable.
SECTION 5.12. EXECUTION OF COUNTERPARTS. This Employment Agreement may be
executed in one or more counterparts, each of which shall be considered an
original instrument, but all of which shall be considered one and the same
agreement, and shall become binding when one or more counterparts have been
signed by each of the parties and delivered to each of the parties.
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IN WITNESS WHEREOF, the Company has caused this Employment Agreement to be
signed by its duly authorized officer and the Executive has signed this
Employment Agreement as of the day and year first above written.
DOV Pharmaceutical, Inc.
By: /s/ Bernard Beer
-------------------------
Name: Bernard Beer
Title: President and Director
Executive: /s/ Arnold Lippa
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SCHEDULE A
<Table>
<Caption>
- --------------------------------------------------------------------------------
COMPOUND
- --------------------------------------------------------------------------------
DOV 220,075 Conduct and complete
analgesic/ Phase II/III pivotal
antidepressant trial in patients with
chronic pain
- --------------------------------------------------------------------------------
DOV 273,547 Initiate phase II Complete Phase II
anxiolytic/ efficacy and safety study efficacy and safety study
anticonvulsant in anxious patients
- --------------------------------------------------------------------------------
DOV 216,303 Conduct and complete Conduct and complete
antidepressant/ phase I single and Phase II efficacy and
alcohol multiple dose studies in safety study in
suppressant normal volunteers depressed/alcoholic
patients
- --------------------------------------------------------------------------------
DOV Conduct and complete Conduct and complete
Diltiazem clinical pharmacokinetic Phase III pivotal trial
antiangina/ study in patients with angina
antihypertensive
- --------------------------------------------------------------------------------
</Table>
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