Pfizer, a pharmaceutical company, said Wednesday that it's buying the rights to Viagra from longtime online competitor Pfizer, which has a patent on the drug. Under the terms of the deal, Pfizer will own the exclusive right to market the drug in the United States.
Pfizer shares fell by a reported 11 percent in morning trading after a news release from Pfizer, a longtime online pharmacy, said the acquisition would give Pfizer a chance to sell the drug in the United States. However, the company has said that the drug is still under patent in the United States. Pfizer said the deal is "a major step forward" toward bringing Viagra and the other drugs to patients.
Viagra's patent expired last year, but other drugs like Cialis and Levitra are still under patent in the United States. A separate release stated that Pfizer would retain the patent until March 2027, when it will retain the rights to Cialis and Levitra. Pfizer has a history of selling prescription medications online, including the erectile dysfunction drug Viagra. Pfizer's acquisition was announced weeks after a court case in Massachusetts got serious. Pfizer's move to buy Viagra comes months after a judge ruled that Viagra should be sold under the mistaken assumption that a drug company would be able to get a patent to sell a generic version of it.
"We believe in an ideal world," said Jim Sage, Pfizer's president of research and development. "It's a perfect world where the pharmaceutical companies have the right to create new drugs."
Pfizer said the U. S. patent on Viagra expires in the second half of the year. The drug has been used in men for decades to treat erectile dysfunction. Viagra was approved by the FDA in 1998.
Shares of Pfizer in New York fell $26.25. Other major pharmaceutical companies have lost exclusivity on Viagra, including Bayer, which sells the drug at the discount price of $10 per pill.
Pfizer Pfizer Pills Up 30% Off New York StockOn the afternoon of Friday, Pfizer announced that the company would sell off its Viagra patent to rival Pfizer in the United States. Pfizer said that it will sell the Viagra-branded drug in the United States through a special deal with the United States Pharmacopeia (USP). Pfizer has said that the deal is a major step forward toward bringing Viagra and other drugs to patients.
In late April, Pfizer announced that it was buying rights to erectile dysfunction drug Cialis from Pfizer, the world's second-largest drugmaker after Eli Lilly and Co.
Pfizer said its patent for Viagra expired in 2006, meaning it will no longer be able to sell the drug in the United States, even if it has a U. patent. Pfizer said that Cialis will only be available in the United States for one year after its patent expires. Pfizer said that Cialis will be available through April 27, 2007.
The Pfizer deal was announced weeks after a court case in Massachusetts got serious. Pfizer said that it will buy Viagra, the world's second-largest drugmaker after Eli Lilly and Co. has.
In late April, Pfizer announced that it would sell off its Viagra patent to rival Pfizer in the United States. Pfizer said that the deal is a major step forward toward bringing Viagra and the other drugs to patients. Pfizer said that the USP deal will be a major step forward toward bringing Viagra and other drugs to patients.
Pfizer has a long history of selling prescription medications online, including the erectile dysfunction drug Viagra. Pfizer said that it has received approval from the FDA to sell Viagra in the United States in December 2007. Viagra is a prescription medication that Pfizer has been using since its 1998 approval in the United States. Viagra was originally intended for men who had difficulty getting or keeping an erection. Pfizer said that the drug has been available online since 2006. Viagra is a popular treatment for the condition, which affects more than 2 million men in the United States.
In May 2014, Pfizer acquired the rights to the erectile dysfunction drug Cialis from Bayer. The acquisition was announced weeks after a court case in Massachusetts got serious.
SINGAPORE - Sildenafil tablets in a common drug called Sildenafil Citrate tablets are among the best-selling drugs on the Korean market this year.
The Food and Drug Administration and the Ministry of Health and Prevention issued a black box warning on the drug, indicating it can lead to the development of serious side effects if used along with alcohol and other drugs.
The Sildenafil tablets are sold under various brand names such as Viagra and Cialis, and are sold in various countries including China, South Korea, India, and Japan.
The FDA said that the drugs should be taken with caution, and its warnings regarding Sildenafil and alcohol should be revised in the future.
The FDA said that the FDA has reviewed the available information on the use of Sildenafil tablets in South Korea and in Japan and the products have been sold in South Korea and in Japan.
The FDA issued a black box warning in February on Sildenafil tablets, which is sold in many countries including China and South Korea.
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