Industryweek 5814 Pfizer Promogifcropdisplay
Industryweek 5814 Pfizer Promogifcropdisplay
Industryweek 5814 Pfizer Promogifcropdisplay
Industryweek 5814 Pfizer Promogifcropdisplay
Industryweek 5814 Pfizer Promogifcropdisplay

Pfizer Reaches Settlement with Teva on Generic Viagra

Dec. 18, 2013
Teva will release a generic version of Viagra in 2017.

NEW YORK -- Pfizer  (IW 500/22)Tuesday announced that it settled patent litigation against Teva Pharmaceuticals over the sale of a generic version of blockbuster drug Viagra in the United States.

The settlement means Israel-based Teva "will be allowed to launch a generic version of Viagra in the U.S. on December 11, 2017 or earlier under certain circumstances," Pfizer said.

"Teva will pay Pfizer a royalty for a license to produce its generic version," Pfizer said.

Other terms of the agreement were confidential.

Patents for Viagra expire in April 2020, Pfizer said.

In June 2010, Pfizer lost its patent in Brazil to exclusively sell the drug. Pfizer's patent for Viagra has also expired in Europe and Japan.

The  Food and Drug Administration has granted tentative approval for Teva's generic version of Viagra, said Teva, which is the world's biggest generic drug maker.

Copyright Agence France-Presse, 2013

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!