Pfizer Inc. announced that it has settled its litigation against Teva
Pharmaceuticals, USA Inc., relating to Pfizer’s patent covering the use
of Viagra® to treat erectile dysfunction (sildenafil citrate 25, 50, and
100 mg tablets), which expires in April 2020 (including pediatric
exclusivity). As a result of the settlement, Teva will be allowed to
launch a generic version of Viagra® in the United States on December 11,
2017, or earlier under certain circumstances. Teva will pay Pfizer a
royalty for a license to produce its generic version. The terms of the
settlement agreement are otherwise confidential. Teva has received
tentative approval from the U.S. Food and Drug Administration (FDA) for
its generic version of Viagra®.
Pfizer Inc.: Working together for a healthier world®
At Pfizer, we apply science and our global resources to bring therapies
to people that extend and significantly improve their lives. We strive
to set the standard for quality, safety and value in the discovery,
development and manufacture of health care products. Our global
portfolio includes medicines and vaccines as well as many of the world's
best-known consumer health care products. Every day, Pfizer colleagues
work across developed and emerging markets to advance wellness,
prevention, treatments and cures that challenge the most feared diseases
of our time. Consistent with our responsibility as one of the world's
premier innovative biopharmaceutical companies, we collaborate with
health care providers, governments and local communities to support and
expand access to reliable, affordable health care around the world. For
more than 150 years, Pfizer has worked to make a difference for all who
rely on us. To learn more, please visit us at www.pfizer.com.
Copyright Business Wire 2013