Pfizer and Aurobindo to Commercialize Generic Medicines in the US and Europe
Pfizer has entered into a series of agreements with Aurobindo Pharma, a pharmaceutical company based in India, to commercialize medicines that are no longer patent protected, and have lost market exclusivity in the US and Europe.
Under the terms, Pfizer has acquired rights to 39 generic solid oral dose products in the US and 20 in Europe, plus an additional 11 in France. These medicines cover a range of therapeutic areas including cardiovascular disease and Central Nervous System disorders, and will be commercialized in the US through Pfizer's Greenstone subsidiary.
The company has also acquired rights to 12 sterile injectable products in the US and Europe. These medicines are antibiotics including penicillins and cephalosporins.
The global non-exclusive market represents about $270 billion with solid oral dose products representing the largest drug category. This category is anticipated to continue its rapid increase in market share and has an estimated growth potential of over $500 billion within the next five years.
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Under the terms, Pfizer has acquired rights to 39 generic solid oral dose products in the US and 20 in Europe, plus an additional 11 in France. These medicines cover a range of therapeutic areas including cardiovascular disease and Central Nervous System disorders, and will be commercialized in the US through Pfizer's Greenstone subsidiary.
The company has also acquired rights to 12 sterile injectable products in the US and Europe. These medicines are antibiotics including penicillins and cephalosporins.
The global non-exclusive market represents about $270 billion with solid oral dose products representing the largest drug category. This category is anticipated to continue its rapid increase in market share and has an estimated growth potential of over $500 billion within the next five years.
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