Watson starts shipping generic LIPITOR.
M2 PHARMA-December 1, 2011-Watson starts shipping generic LIPITOR(C)2011 M2 COMMUNICATIONS
1 December 2011 - US Watson Pharmaceuticals Inc (NYSE:WPI) said on Wednesday it had launched an authorised generic version of LIPITOR (atorvastatin calcium tablets) as part of an exclusive deal with Pfizer Inc (NYSE:PFE).
LIPITOR is indicated as an adjunct to diet to reduce elevated total cholesterol, LDL, triglycerides and to increase HDL cholesterol.
Under the exclusive supply and distribution contract, Pfizer makes and supplies Watson with all dosage strengths of the authorised generic product, while Watson markets and distributes the product in the US.
Pfizer will receive a share of the net sales from Watson's sales of the product. The agreement runs until 30 November 2016, Watson added.
For the year to September 2011, LIPITOR had sales of about USD7.8bn (EUR5.8bn), according to IMS Health data.
(USD1 = EUR0.743)
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|Date:||Dec 1, 2011|
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