With Blockbusters Coming Off Patent Pfizer Needs Chantix’s Revenue
Tuesday, January 29, 2008
Pfizer, one of the largest pharmaceutical companies in the world, finds itself in a precarious financial situation as many of its best selling drugs have either already come off patent or will come off patent over the next few years. “Coming off patent” is a term used to describe when a drug company’s patent for a pharmaceutical expires. This allows generic versions of the drug to be produced and then usually sold for a fraction of the drug’s original price. Typically, if a generic version of a drug exists, insurance providers will not pay for the brand name version of…Continue » Posted in Dangerous Drugs • Chantix