The drugmaker’s second-quarter profit fell 48 percent, thanks to the loss of patent exclusivity for its Zoloft antidepressasnt and Norvasc heart drug, but in particular, due to plunging sales of Lipitor, which has been the world’s best-selling med. Now, though, US sales are down 25 percent and worldwide sales fell 13 percent. Why? Competition, primarily from generic Zocor.
Pharmalot » Pfizer Profit Tumbles As Lipitor Scrips Plunge
Hat Tip: Kevin, MD
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