May 24, 2007 / 9:01 PM / 12 years ago

Apotex says launches generic of Pfizer's Norvasc

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/

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