Advertisement
HomeLive TV
Sections
HomeLive TVWorldFIFA World CupEntertainmentExplainersCricketSportsOpinionIndiaTechAutoLifestyleHealthBusinessWeb StoriesShowsVideosImpact Shorts
Shows
VantageFirstpost AmericaFirstpost AfricaFirst SportsFast and FactualLive TV
Events
Fifa World CupIPL 2026Raisina Dialogue 2026Putin in IndiaIndependence DayFirstpost Defence SummitBudget 2025Bihar ElectionDelhi Elections 2025Champions Trophy

Pfizer, Teva reach deal to allow generic Viagra

Pfizer says it reached a settlement with Teva Pharmaceuticals that allows the generic drugmaker to launch a copycat version of its popular erectile dysfunction drug Viagra in 2017.

Advertisement
FP Archives|Dec 18, 2013, 08:11:50 IST

New York: Pfizer says it reached a settlement with Teva Pharmaceuticals that allows the generic drugmaker to launch a copycat version of its popular erectile dysfunction drug Viagra in 2017.

Pfizer says Teva will pay an undisclosed royalty for a license to produce a generic version of Viagra, one of New York-based Pfizer's best-selling drugs. Viagra generated about $1.14 billion in US sales last year.

Advertisement

Pfizer's patent protecting Viagra from generic competition expires in April 2020, but Teva will be allowed to launch its generic version Dec. 11, 2017.

Sprout Pharmaceuticals said Wednesday, Dec. 11, 2013, it has reached an impasse with the Food and Drug Administration over its drug, flibanserin. The daily pill is designed to increase libido in women by acting on brain chemicals linked to mood and appetite. AP

Pfizer Inc. had sued Teva in 2010 over the Israeli drugmaker's plans to introduce a generic version of Viagra.

The patent protecting another erectile dysfunction drug, Eli Lilly and Co.'s Cialis, also expires in 2017.

worldMore from World

PTI

Handpicked stories, in your inbox
Global stories. Indian perspective. Zero noise.
Subscribe Now
No Spam. Unsubscribe Any Time.

Tags

PfizerViagraTevaEli Lilly
First Published:Dec 18, 2013, 08:11:50 IST
  • Home
  • World
  • pfizer teva reach deal to allow generic viagra
Advertisement
Advertisement
Trending Stories

Choke terror funding, keep international shipping lanes safe: Jaishankar at Asean Regional Forum

Jaishankar's remarks came against the backdrop of recent terror attacks targeting India and growing threats to commercial shipping amid conflicts in West Asia and Europe
2 min read

After Australia, New Zealand signs defence pact with Papua New Guinea as China expands in Indo-Pacific

After Australia, New Zealand has signed a defence cooperation agreement with Papua New Guinea. This is the latest agreement that countries in the region have signed to integrate themselves closer on security and defence as Chinas has sought to increase its footprint in the Indo-Pacific and the United States, the traditional guarantor of security, has abandoned the theatre.
2 min read

Pakistan's deep state weaponising LeT to counter Asim Munir critic Maulana Fazlur Rehman: Report

A deepening military-terror nexus is reportedly emerging in Pakistan in a bid to neutralise the JUI-F chief, Maulana Fazlur Rehman, after he openly criticised Pakistan's Army Chief Asim Munir.
2 min read

No premium queues, 30-minute target: What changes for Indian passport applicants in UAE

Indian passport applicants in the UAE can now access passport, visa and attestation services through Alhind’s 16 centres, with no premium queues, a Dh19 service fee and a target of completing applications within 30 minutes
4 min read

'We don't need straits': Trump says Iran war isn't about Hormuz as US strikes for 12th night

US President Donald Trump on Wednesday declared that the country does not need the Strait of Hormuz as Washington bombards Iran for the 12th consecutive night.
2 min read
Advertisement
Advertisement
Up Next
HomeVideosAI SearchQuick ReadsShorts