• Most Popular
  • Most Shared

Apotex says launches generic of Pfizer's Norvasc

Thu May 24, 2007 4:44pm EDT

Stocks

   

Regulatory News

NEW YORK, May 24 (Reuters) - Privately held drugmaker Apotex Corp. said on Thursday it has launched a generic version of Pfizer Inc.'s (PFE.N) Norvasc blood-pressure drug, the second generic version of the once-blockbuster product.

Norvasc had been one of Pfizer's biggest selling products. But Mylan Laboratories Inc. MYL.N began selling its generic version in March, and the arrival of generic versions is expected to dramatically cut into Pfizer's sales.

Mylan signaled in its quarterly earnings report earlier on Thursday that another generic Norvasc, known as amlodipine, could be near the market.

((Reporting by Lewis Krauskopf; Reuters Messaging: Lewis.Krauskopf.reuters.com@reuters.net; lewis.krauskopf@reuters.com; 646-223-6082)) Keywords: APOTEX NORVASC/

(C) Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nN24463736
Regulatory News


More from Reuters

Photo

Time Warner Cable, Fox at impasse; blackout looms

NEW YORK (Reuters) - About 13 million Time Warner Cable Inc subscribers were to lose most Fox programing at midnight on Thursday unless the cable service provider reached a last-minute deal to pay fees to News Corp to broadcast the shows.

» More Top News
A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Global Markets
Clients work out on machines at the Bally Total Fitness facility in Arvada, Colorado June 15, 2009. REUTERS/Rick Wilking

Get real with resolutions

We make them and we break them: The secret to keeping them is to avoid the impossible dream.  Full Article 

Lifestyle