Forest Laboratories Submits Application to Market Lexapro(TM) For the Treatment of Panic Disorder

NEW YORK, May 1, 2003 /PRNewswire-FirstCall via COMTEX/ -- Forest Laboratories, Inc. (NYSE: FRX) announced today that it has submitted a supplemental New Drug Application (sNDA) to the U.S. Food and Drug Administration to expand the labeling of Lexapro(TM) (escitalopram oxalate) to include the treatment of panic disorder. Lexapro is the newest and most selective serotonin reuptake inhibitor (SSRI) indicated for the initial and maintenance treatment of major depressive disorder.

About Panic Disorder

The prevalence of panic disorder is estimated to be 2.4 million people or 1.7% of the U.S. population, and it affects women twice as often as men. According to The Diagnostic and Statistical Manual of Mental Disorders (DSM-IV-TR), the essential feature of panic disorder is the presence of recurrent unexplained panic attacks followed by one month of persistent concern about having another panic attack, worry about the possible implications or consequences of the panic attacks, or a significant behavioral change related to the attacks. Panic attacks are brief episodes of intense fear accompanied by multiple physical symptoms. Panic disorder can occur with other anxiety disorders, depressive disorders, or substance abuse.

About Lexapro

Lexapro(TM) (escitalopram oxalate) is the newest and fastest-growing selective serotonin reuptake inhibitor (SSRI). Lexapro was developed by isolating the therapeutically active portion of the antidepressant Celexa(TM) (citalopram HBr).

Lexapro was approved by the U.S. Food and Drug Administration (FDA) in August 2002 for both the initial and maintenance treatment of major depressive disorder. Lexapro is available as tablets and oral solution.

In clinical trials, the most common side effects reported with Lexapro versus placebo were nausea, insomnia, problems with ejaculation, somnolence, increased sweating, and fatigue. As with all SSRIs, Lexapro should not be taken together with monoamine oxidase inhibitors (MAOI). Full prescribing information is available at www.lexapro.com.

Forest Laboratories licenses Lexapro from the Danish pharmaceutical firm H. Lundbeck A/S, which developed escitalopram and citalopram. In Europe, escitalopram is marketed under the name Cipralex(R).

About Forest Laboratories and Its Products

Forest Laboratories develops, manufactures, and sells pharmaceutical products that are used for the treatment of a wide range of illnesses. Forest Laboratories' growing line of products includes: Lexapro(TM), indicated for the initial and maintenance treatment of major depressive disorder; Celexa(TM), an antidepressant; Tiazac(R), a once-daily diltiazem, indicated for the treatment of angina and hypertension; Benicar(R)*, an angiotensin receptor blocker indicated for the treatment of hypertension; and Aerobid(R), an inhaled steroid indicated for the treatment of asthma.

Except for the historical information contained herein, this release contains "forward-looking statements" within the meaning of the Private Securities Reform Act of 1995. These statements are subject to risks and uncertainties that affect our business, including risk factors listed from time to time in the Company's SEC reports, including the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2002 and Quarterly Reports on Form 10-Q for the periods ending June 30, 2002, September 30, 2002 and December 31, 2002. Actual results may differ materially from those projected.

*Benicar is a registered trademark of Sankyo Pharma, Inc.

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