Pfizer Wins Exclusivity on Lyrica Until 2018
Pfizer Inc. (NYSE:PFE) has won a court ruling that effectively blocks all generic competition of the company’s top-selling product, Lyrica, a pain medicine. Generic competitors won’t be allowed to produce a generic competitor to Pfizer’s Lyrica until December 2018, according to Bloomberg.
The U.S. Court of Appeals for the Federal Circuit in Washington ruled on Thursday that Teva Pharmaceuticals, Actavis Plc, and Lupin Ltd. infringed on Pfizer’s Lyrica patent by attempting to make generic versions of the drug. Other generic drug makers involved in the case included Sun Pharmaceutical Industries Ltd., Mylan Inc., and Wockhart Ltd.
Like many drugmakers, Pfizer has been struggling with patent expirations recently, and has had to re-focus its energies on experimental drugs, as well as marketing its other remaining top-sellers; Lyrica falls into this latter category, and is therefore critically important to Pfizer while the company develops new therapies for the market.
Lyrica is used to treat shingles, fibromyalgia, epilepsy, and hot flashes. Last year, the drug generated $4.6 billion in sales, accounting for approximately 9 percent of Pfizer’s total revenue. Lipitor, a cholesterol-fighting drug — which recently lost patent protection — once generated nearly $13 billion a year for Pfizer.