-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V2uX83PaXjBDvLhwRCypNXwyjblET+NV/LBY0SFwJfiPuCUYz73LsvDWXtaTCedL P8cAuRc+7JUkBSiN2QbnmA== 0000912057-02-009052.txt : 20020415 0000912057-02-009052.hdr.sgml : 20020415 ACCESSION NUMBER: 0000912057-02-009052 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020307 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ABBOTT LABORATORIES CENTRAL INDEX KEY: 0000001800 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 360698440 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 100 ABBOTT PARK ROAD STREET 2: D-322 AP6D CITY: ABBOTT PARK STATE: IL ZIP: 60064-3500 BUSINESS PHONE: 8479376100 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SUPERGEN INC CENTRAL INDEX KEY: 0000919722 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 911841574 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48769 FILM NUMBER: 02569465 BUSINESS ADDRESS: STREET 1: 4140 DUBLIN BLVD STREET 2: SUITE 200 CITY: DUBLIN STATE: CA ZIP: 94568 BUSINESS PHONE: 9255600100 MAIL ADDRESS: STREET 1: 4140 DUBLIN BLVD STREET 2: STE 200 CITY: DUBLIN STATE: CA ZIP: 94568 SC 13D/A 1 a2072832zsc13da.htm SC 13D/A
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 3)


SuperGen, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share
(Title of Class of Securities)

637184 10 - 8
(CUSIP Number)

Jose M. de Lasa
Senior Vice President, Secretary
and General Counsel
Abbott Laboratories
100 Abbott Park Road
Abbott Park, Illinois 60064-6400
(847) 937-8905

(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)

March 4, 2002
(Date of Event Which Requires Filing of this Statement)

        If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box o

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CUSIP No.    637184 10-8   13D    
             

1   Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons (Entities Only)

 

 

Abbott Laboratories (#36-0698440)

 

 

 

 

2   Check the Appropriate Box if a Member   (a)   / /
    of a Group*   (b)   / /

 

 

 

 

 

 

 

3   SEC Use Only        

 

 

 

 

 

 

 

4   Source of Funds*        

 

 

WC

 

 

 

 

5   Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)

 

 

 

 

 

 

 

6   Citizenship or Place of Organization

 

 

Illinois

 

 

 

 

Number of Shares Beneficially Owned by Each Reporting Person With   7   Sole Voting Power

 

 

 

 

 

 

1,115,212 shares of Common Stock
       
        8   Shared Voting Power

 

 

 

 

 

 

0
       
        9   Sole Dispositive Power

 

 

 

 

 

 

1,115,212 shares of Common Stock
       
        10   Shared Dispositive Power

 

 

 

 

 

 

0

11   Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

1,115,212 shares of Common Stock

 

 

 

 

12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares*

 

 

 

 

 

 

 

13   Percent of Class Represented by Amount in Row (11)

 

 

3.4%

 

 

 

 

14   Type of Reporting Person*

 

 

CO

 

 

 

 

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        This Amendment No. 3 (this "Amendment") amends and supplements the Schedule 13D filed by Abbott Laboratories, an Illinois corporation ("Abbott") on January 5, 2000 (the "Original Schedule 13D"), as subsequently amended on February 8, 2000 ("Amendment No. 1"), and as subsequently amended on June 2, 2000 ("Amendment No. 2") with respect to shares of Common Stock, par value $0.001 per share, of SuperGen, Inc., a Delaware corporation (the "Issuer"). Capitalized terms used but not otherwise defined in this Amendment shall have the meanings assigned to those terms in the Original Schedule 13D.


ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

        (a)  Abbott may be deemed to be the beneficial owner of 1,115,212 shares of Common Stock (the "Shares"), representing approximately 3.4% of the outstanding shares of the Common Stock. As of March 4, 2002, Abbott is no longer the beneficial owner of 28,424,125 shares of Common Stock subject to the Option disclosed in the Original Schedule 13D. On March 4, Abbott and SuperGen terminated their alliance for the distribution and marketing of SuperGen's oral cancer drug rubitecan, as well as the associated stock purchase agreement, which included Abbott's rights to the Option that was disclosed in the Original Schedule 13D.

        (b)  Abbott has sole power to vote or to direct the vote and the sole power to dispose or to direct the disposition of the Shares.

        (c)  Abbott has not effected any transactions in the Common Stock in the past 60 days.

        (d)  No one other than Abbott is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from a sale of, the Shares.

        (e)  On March 4, 2002, Abbott ceased to be the beneficial owner of more than 5% of the Common Stock.


ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

        On March 4, 2002, Abbott and SuperGen entered into a Termination and Release Agreement ("Termination Agreement") by which Abbott and SuperGen agreed to terminate the Worldwide Sales, Distribution, and Development Agreement (filed as Exhibit 99.3 to Amendment No. 2) and the Common Stock and Option Purchase Agreement (filed as Exhibit 99.1 to Amendment No. 2). This summary of the principal terms of the Termination Agreement does not purport to be complete and reference is made to the full text of the Termination Agreement which is filed as an exhibit to this statement and is incorporated herein by this reference.


ITEM 7. MATERIAL TO BE FILED AS EXHIBIT

Exhibit No.
  Description

99.1

 

Termination and Release Agreement dated as of March 4, 2002.

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SIGNATURE

        After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 7, 2002

ABBOTT LABORATORIES


By:

/s/  
THOMAS C. FREYMAN      

 
 
 
Name: Thomas C. Freyman  
Title: Senior Vice President, Finance
and Chief Financial Officer
 

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SIGNATURE
EX-99.1 3 a2072832zex-99_1.htm TERMINATION AND RELEASE AGREEMENT

TERMINATION AND RELEASE AGREEMENT

        This Termination and Release Agreement (this "Agreement") dated as of March 4, 2002 (the "Effective Date") is entered into by and between SuperGen, Inc. ("SuperGen"), a California corporation with a principal office at 4140 Dublin Boulevard, Suite 200, Dublin, California 94568, and Abbott Laboratories ("Abbott"), an Illinois corporation with a principal office at 100 Abbott Park Road, Abbott Park, Illinois 60064. SuperGen and Abbott are referred to herein collectively as the "Parties" and individually as a "Party".

        WHEREAS, SuperGen and Abbott are parties to the Worldwide Sales, Distribution, and Development Agreement between SuperGen and Abbott, dated as of December 21, 1999 and as amended to date (the "Sales Agreement");

        WHEREAS, SuperGen and Abbott are parties to the Common Stock and Option Purchase Agreement between Abbott and SuperGen, dated as of December 21, 1999 and as amended to date (the "Stock Purchase Agreement");

        WHEREAS, SuperGen and Abbott are parties to the U.S. Distribution Agreement between SuperGen and Abbott, dated as of December 21, 1999 and as amended to date (the "U.S. Distribution Agreement");

        WHEREAS, the Parties wish to terminate the Sales Agreement and the Stock Purchase Agreement; and

        WHEREAS, the Parties wish to release any claims relating to the Sales Agreement and/or the Stock Purchase Agreement.

        NOW, THEREFORE, the Parties agree as follows:

1. Definitions

        1.1.    "Affiliate"    shall mean, with respect to any entity, any other entity Controlling, Controlled by or under common Control with the first entity. For the purposes of this Section 1.1, Control shall mean the ownership of 50% or more of any class of capital stock of any entity, an interest in 50% or more of the profits of any entity or the possession of the power to direct the activities of an entity, whether by contract or otherwise.

2. Termination and Release

        2.1.    Termination of Sales Agreement.    In consideration of mutual releases, covenants, agreements and/or other good and valuable consideration, the receipt of which is hereby acknowledged, the Parties agree to terminate the Sales Agreement effective as of the Effective Date.

        2.2.    Termination of Stock Purchase Agreement.    In consideration of mutual releases, covenants, agreements and/or other good and valuable consideration, the receipt of which is hereby acknowledged, the Parties agree to terminate the Stock Purchase Agreement effective as of the Effective Date.

        2.3.    SuperGen Release of Abbott.    In consideration of mutual releases, covenants, agreements and/or other good and valuable consideration, the receipt of which is hereby acknowledged, SuperGen, for itself and for its Affiliates and for its and their respective administrators, successors, assigns, officers, directors, employees, and trustees (all of the foregoing being referred to in this paragraph as "Releasors") release, acquit and forever discharge Abbott, its Affiliates and its and their administrators, successors, assigns, officers, directors, employees, attorneys, and trustees (all of the foregoing being referred to in this paragraph as "Releasees") from all obligations to the Releasors, including all unpaid milestone obligations whether asserted or unasserted, arising under or relating to the Sales Agreement or the Stock Purchase Agreement, including the termination thereof, provided, however, that nothing contained herein is intended to or shall release the Releasees from any and all obligations set forth in this Agreement.



        2.4.    Abbott Release of SuperGen.    In consideration of mutual releases, covenants, agreements and/or other good and valuable consideration, the receipt of which is hereby acknowledged, Abbott, for itself and for its Affiliates and for its and their respective administrators, successors, assigns, officers, directors, employees, and trustees (all of the foregoing being referred to in this paragraph as "Releasors") release, acquit and forever discharge SuperGen, its Affiliates and its and their respective administrators, successors, assigns, officers, directors, employees, attorneys, and trustees (all of the foregoing being referred to in this paragraph as "Releasees") from all obligations to the Releasors arising under or relating to the Sales Agreement or the Stock Purchase Agreement, including the termination thereof, provided, however, that nothing contained herein is intended to or shall release the Releasees from any and all obligations set forth in this Agreement.

        2.5.    Fees and Expenses.    The Parties shall each bear the fees and expenses of its counsel and their own out-of-pocket costs in connection with this Agreement.

3. Settlement of Outstanding Fees

        3.1.    Development Fees.    SuperGen currently owes Abbott the sum of one million six hundred thousand dollars ($1,600,000) in connection with development work that has been funded by Abbott under the Sales Agreement (referred to herein as "Development Fees"). The Development Fees shall be reimbursed by SuperGen as follows: (i) eight hundred eighty thousand three hundred sixty-five dollars ($880,365) shall be deducted from Abbott's payment of fees owed to SuperGen for 2001 fourth quarter sales of Nipent® (Pentostatin) pursuant to the U.S. Distribution Agreement; and (ii) the remaining seven hundred nineteen thousand six hundred thirty-five dollars ($719,635) shall be paid by SuperGen to Abbott within ten (10) days of the Effective Date.

        3.2.    Reconciliation.    In the event SuperGen presents evidence within thirty (30) days of the Effective Date, such evidence to be reasonably acceptable to Abbott, that the amount of Development Fees set forth in paragraph 3.1 is overstated, Abbott shall refund the amount of such overstatement within thirty (30) days of the presentation of such evidence.

4. Warranties, Limitation of Liability and Public Statements

        4.1.    Limited Warranties.    Each Party hereby warrants that it has the right and authority to enter into and carry out its obligations under this Agreement and that this Agreement has been authorized by all requisite corporate action. Each Party hereby warrants that it shall not enter into any agreement in conflict with this Agreement.

        4.2.    Public Statements.    Each Party hereby agrees not to make any public statement, oral or written, disparaging the other Party with respect to any activity arising under or relating to the Sales Agreement, the Stock Purchase Agreement or the U.S. Distribution Agreement, provided that this Paragraph shall not apply to oral questions, interrogatories, requests for information or other documents required in connection with legal proceedings, subpoenas, civil investigations or other similar processes.

5. Miscellaneous

        5.1.    Relationship of the Parties.    Nothing herein shall create any association, partnership, joint venture or the relation of principal and agent between the Parties. Each Party is acting as an independent contractor, and no Party shall have the authority to bind any other Party or its representatives in any way.

        5.2.    Entire Agreement.    This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof, and cancels and supercedes all prior negotiations, understandings and agreements relating to the subject matter hereof. The Parties represent and warrant

2



that, other than the U.S. Distribution Agreement, there is no other agreement or contract relating to the termination of the Sales Agreement and/or the Stock Purchase Agreement or any consideration transferred or to be transferred between the Parties other than as set forth in this Agreement.

        5.3.    Waiver and Amendment.    This Agreement may not be amended except pursuant to a written instrument signed by each of the Parties. No right of a Party, and no breach of any terms of this Agreement, can be waived and no election under this Agreement can be made unless such waiver or election is in writing and signed by the Party waiving such right or making such election.

        5.4.    Governing Law.    This Agreement shall be governed by the laws of the State of Illinois, without regard to the choice of law principles thereof.

        5.5.    Construction and Interpretation.    This Agreement shall be deemed to have been jointly drafted by the Parties, no rules of strict construction against either Party shall be applied. In this Agreement, the word "including" shall be deemed to be followed by "without limitation".

        5.6.    Severability.    The provisions of this Agreement are severable. If any such provision shall be held invalid or unenforceable for any reason, such provision shall be replaced with a provision which accomplishes, to the extent possible, the original business purpose of such provision in a valid and enforceable manner. The invalidity or unenforceability of any provision of this Agreement shall not affect any other provision of this Agreement.

        5.7.    Assignment.    Each of the Parties shall have the right to assign its rights hereunder only to a surviving entity of a merger with such Party, by operation of law. This Agreement shall be binding on and inure to the benefit of the Parties and their respective successors and permitted assigns.

        5.8.    Notices.    Any notice given under this Agreement shall be made in writing by registered mail, return receipt requested, or by overnight courier, and shall be deemed given on the date received.


If to SuperGen:

 

SuperGen, Inc.
4140 Dublin Boulevard
Suite 200
Dublin, California 94568

with a copy to:

 

Wilson Sonsini Goodrich & Rosati
650 Page ill Road
Palo Alto, California 94304-1050

If to Abbott:

 

Abbott Laboratories
200 Abbott Park Road
Abbott Park, Illinois 60064, USA
Attention of: President, Hospital Products Division

with a copy to:

 

Abbott Laboratories
Domestic Legal Operations, Dept. 322, Bldg. AP-6
100 Abbott Park Road
Abbott Park, Illinois 60064, USA

        5.9.    Counterparts.    This Agreement may be executed by facsimile and in one or more counterparts, each of which shall be deemed to be an original and all of which together shall constitute the same agreement.

        ******************

3


        IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.


Abbott Laboratories

 

SuperGen, Inc.

By:

/s/  
CHRISTOPHER BEGLEY      

 

By:

/s/  
JOSEPH RUBINFELD      

Name: Christopher Begley
Title: President, Hospital Products

 

Name: Dr. Joseph Rubinfeld
Title: President—CEO

4



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