The patent for Lipitor is due to expire on Nov. 30. The company will then be able to produce generic versions of the drug for less than Pfizer charges. The prices for the generics will be much cheaper, and will depend on the health plan you have. If you’re privately insured, you can expect to pay less than $10 a month for generic Lipitor. The price for the brand name drug will remain higher than the generic for at least the next six months. Check out edrugsearch.com for more info.
The lawsuit is a sign of the current health-care costs for Americans. It speaks to the broader issue of rising health-care costs. The pharmaceutical companies are under pressure to increase their profits, and this is one way to do it. The lawsuit relates to an agreement between Pfizer and Ranbaxy regarding the Lipitor drug. The pharmacies want a court order to nullify the agreement. The lawsuit also seeks damages for the price increase of generic Lipitor.
The case highlights a broader issue of health care costs in the United States: the high price of prescription drugs. It speaks to the upcoming expiration of the patent on Lipitor. The patent expiration of other prescription drugs is another major issue for Pfizer. Actos, Geodon, and Seroquel are also approaching the end of their patents. However, the savings of generic drugs will depend on a patient’s health insurance coverage and how they purchase the medicine.
Because the patent on Lipitor expired seven months ago, the pharmaceutical company faces the risk of losing almost 40% of its market share. As a result, the company will be forced to cut the price of the medicine to attract patients. But the lawsuit does not end here. The next step is to determine what the cost of generics will be. For people who are privately insured, the cost of generics may be as low as $4 per month.
There are many ways to reduce the cost of Lipitor. There are printable coupons, rebates, and savings cards available at many online pharmacies. Some of these coupons can be printed at home and others must be redeemed through a website. If you are eligible for one of these programs, you’ll be able to save a lot of money on your medication. If you’re self-pay, you can choose to use the cash you’ve saved from your insurance.
Despite these risks, the patents for most prescription drugs are about to expire. This means that generic versions will become more competitive. In addition to the new generics, the cost of Lipitor is capped by the patent expiration date. The drug is therefore very popular, and Pfizer could retain as much as 40% of its market share in the coming months. In addition, the new generics will be less expensive, and the price of Lipitor will be lower than its rivals.
While Pfizer will keep at least 40% of the market share for Lipitor in the coming months, the generics will soon be available for only 34 cents a month. The price hike is a direct result of the patent expiration, but the price reduction is still considerable. In the meantime, pharmacists and patients are left to decide how to use the generics. As long as they have insurance coverage, they can afford to pay less for their Lipitor.
While Pfizer and its generic competitors have been aggressive in reducing the prices of Lipitor, they can only hold a small share. With this, the manufacturer of Lipitor can continue to keep 40% of its market share, but will be forced to cut prices for the generic. This could result in huge revenue losses for the company. A new lawsuit filed in the U.S. alleges that Pfizer and its manufacturers are conspiring to drive up the price of the drug, which is the most commonly prescribed drug in the world.
After the patent on Lipitor expired seven months ago, the manufacturer has been aggressively lowering the price of the drug. For privately insured patients, the cost is as low as $4 a month. A few pharmacy owners have already lowered the price to $4 per month. It is not easy to find a generic, but there are some options. You can check the prices of the generic in your state to see if your insurance covers the drug’s prices.