RANBAXY TAKES ON PFIZER OVER LIPITOR


In an in-depth feature published today, Law.com reports on Indian generic pharma company Ranbaxy's assault on Pfizer's Lipitor (apparently the world's most prescribed drug). Pfizer is resisting the challenge to its patent and it will be some time before the outcome of this dispute is known.


Lipitor: good for lowering cholesterol levels; not so good for lowering the blood pressure of patent litigants

Curiously, the IPKat says, the author of the article describes Ranbaxy as the David to Pfizer's Goliath. This rather creates the impression that Ranbaxy, which makes its money by making and selling cheap versions of drugs that have been expensively and carefully tested by proprietary pharma companies, is some sort of small, weak outfit. Ranbaxy is however nothing of the sort. By the admission of its CEO, Brian Tempest,
"From a small domestic company at inception, we have grown formidably to be a Billion dollar institution".
The company, which experienced 27% growth in the year ending December 2003, now employs 9,000 people. The IPKat expects that it can afford to tackle Pfizer in patent litigation without having to pass round the begging bowl.

Facts about cholesterol here and here
How cholesterol works here
Cholesterol joke here
RANBAXY TAKES ON PFIZER OVER LIPITOR RANBAXY TAKES ON PFIZER OVER LIPITOR Reviewed by Jeremy on Thursday, December 30, 2004 Rating: 5

No comments:

All comments must be moderated by a member of the IPKat team before they appear on the blog. Comments will not be allowed if the contravene the IPKat policy that readers' comments should not be obscene or defamatory; they should not consist of ad hominem attacks on members of the blog team or other comment-posters and they should make a constructive contribution to the discussion of the post on which they purport to comment.

It is also the IPKat policy that comments should not be made completely anonymously, and users should use a consistent name or pseudonym (which should not itself be defamatory or obscene, or that of another real person), either in the "identity" field, or at the beginning of the comment. Current practice is to, however, allow a limited number of comments that contravene this policy, provided that the comment has a high degree of relevance and the comment chain does not become too difficult to follow.

Learn more here: http://ipkitten.blogspot.com/p/want-to-complain.html

Powered by Blogger.