On April 30, 2012, the U.S. District Court for the District of New Jersey (the "Court") issued its opinion upholding the validity of U.S. Patent No. 6,958,161 covering the Company's DORYX 150 mg product (the "'161 Patent"), but determining that neither Mylan Inc.'s (together with its affiliate Mylan Pharmaceuticals Inc., "Mylan") nor Impax Pharmaceuticals, Inc.'s ("Impax") proposed generic version of the DORYX 150 mg product infringed the '161 Patent. As a result of the Court's ruling, the Company believes that Mylan has entered the market with its FDA approved generic equivalent of the Company's DORYX 150 mg product.

In connection with the announcement of the Court's non-infringement determinations, the Company expects to record an impairment charge in the range of $90 to $108 million related to its DORYX intangible asset, which had a book value of $111 million as of December 31, 2011. The impairment charge is not expected to result in future cash expenditures for the Company.

Doryx Litigation

The Company issued a press release announcing the Court's decision relating to its DORYX 150 mg product on April 30, 2012. A copy of the Company's press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Strategic Alternatives

On April 30, 2012, the Company also issued a press release announcing that it is conducting a process to explore a broad range of strategic alternatives to enhance shareholder value. A copy of the Company's press release is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated by reference herein.

The information in this Item 7.01 and the attached exhibits is being furnished to the Securities and Exchange Commission and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

(d) Exhibits

 Exhibit
 Number    Description

 99.1      Press Release issued April 30, 2012 regarding Doryx litigation.

 99.2      Press Release issued April 30, 2012 regarding strategic alternatives.