Showing posts with label Cholesterol Drug Lipitor Prepares for Fadeout. Show all posts
Showing posts with label Cholesterol Drug Lipitor Prepares for Fadeout. Show all posts

Monday, November 7, 2011

Cholesterol Drug Lipitor Prepares for Fadeout

Lipitor

It may take a breakthrough treatment for Alzheimer's disease to match the $130 billion lifetime sales record of Pfizer's Lipitor, the cholesterol fighter that wrote its own chapter in pharmaceutical history.
Lipitor's U.S. patent expires on November 30, unleashing a wave of cheap generics and ending a fabled run that began in 1997.
"There's Lipitor and then there's the rest," said Michael Kleinrock, research director of IMS Institute, which tracks sales of prescription drugs. "This is a real giant in the history of our industry and we may not see its likes for a while."

 
Of currently marketed drugs, Abbott Laboratories' rheumatoid arthritis drug Humira may have the best shot with annual sales of about $8 billion, which the company sees growing by $1 billion a year in the near future. But getting to Lipitor's peak annual sales of $13 billion in a therapeutic area with several competitors is a lot to ask.
According to Thomson Reuters Forecast, by 2016, the world's three top sellers will be rheumatoid arthritis treatments—with Pfizer Inc's Enbrel and Johnson & Johnson's Remicade trailing Humira.
The blood clot preventer Plavix from Bristol-Myers Squibb and Sanofi made a run at Lipitor, with sales of more than $9 billion, but like Lipitor its heyday is coming to an end.


Read more: http://www.foxnews.com/health/2011/11/07/cholesterol-drug-lipitor-prepares-for-fadeout/#ixzz1d2RGwnYk