Pfizer & Sanofi Sign Deal for Generic Lipitor
Pfizer has granted Sanofi a licence to manufacture a generic version of the product and launch it after Lipitor's patent expires in the country on 7 May 2012.
French drugmaker Sanofi said last week that it reached an agreement with US-based pharmaceutical giant Pfizer to sell a generic version of cholesterol blockbuster Lipitor in France.
Pfizer has granted France-based Sanofi a licence to manufacture a generic version of the product and launch it after Lipitor's patent expires in the country on 7 May 2012.
Although no financial terms have been disclosed, the deal will fall under France's Strategic Council of Health Industries programme, with Pfizer set to receive a tax break from the country by allowing a generic drug manufacturer to produce a copy of its drug.
Generic competition to produce Lipitor copies is
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