Ranbaxy launches generic Lipitor in 4 EU markets

Tue Mar 6, 2012 2:22pm IST

Related Topics

Stocks

   

REUTERS - Group Ranbaxy Laboratories (RANB.NS) has launched generic copies of Lipitor in four European markets, bringing cheap versions of U.S. drugmaker Pfizer's blockbuster cholesterol drug to Germany, Italy, the Netherlands and Sweden.

The launch of a generic version of the largest-selling drug of all time came two months before patents expire in the four countries, following an agreement with Pfizer.

The drug went off patent in the United States at the end of November, marking a major milestone for a global pharmaceutical industry facing a wave of patent losses, of which Lipitor is the biggest.

Ranbaxy said on Tuesday it would sell 10, 20, 40 and 80 milligram tablets of the medicine, known generically as atorvastatin, in Germany, Italy and Sweden. The top 80 mg dose will not be available in the Netherlands.

Lipitor became available in 1997 and generated worldwide annual sales of $13 billion at its peak. It lowers "bad" LDL cholesterol and the risk of heart attack and stroke.

It has chalked up more than $130 billion in sales during its time on the market and many analysts doubt if another drug of its magnitude will be seen again, in part because drugmakers are moving to a model of more personalised medicine.

(Reporting by Ben Hirschler; Editing by Dan Lalor)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Adani Project

Adani Project

Australia approves Adani's $16 bln Carmichael coal project  Full Article 

India-U.S. Talks

India-U.S. Talks

Kerry to woo Modi's India, but quick progress unlikely  Full Article 

Paring Debt

Paring Debt

Jaiprakash to sell hydro plants to Reliance Power  Full Article 

Nifty Falls

Nifty Falls

The broader index hits lowest in nearly a week on profit taking  Full Article 

Mideast Conflict

Mideast Conflict

U.N. Security Council calls for humanitarian ceasefire in Gaza  Full Article 

Market Eye

Market Eye

Foreign investors prefer Indian cyclicals, utilities - Macquarie  Full Article 

Debt Investment

Debt Investment

India's FII debt limit hike credit-positive, says Moody's  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage