Medicine

Pfizer to Offer Generic Version of Viagra

Pfizer to Offer Generic Version of Viagra

But Viagra's parent company isn't going down without a fight, The Associated Press reports: Pfizer is launching its own generic version of the famed erectile dysfunction pill in order to minimize its losses when other generics hit the market.

The drug maker will sell the new version - a white pill called Sildenafil - for about $33 a pill, roughly half the cost of name brand Viagra. Generic maker Teva Pharmaceuticals can start selling its version then, but isn't disclosing the price. "When generic Viagra comes out, they will be very happy", Dr. Nachum Katlowitz, a urologist at New York's Staten Island University Hospital, told AP. Viagra remains a close second.

What's Ahead for Applied Optoelectronics Incorporated (NASDAQ:AAOI) After Less Shorted Shares?
The semiconductor company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.23). Applied Optoelectronics had a return on equity of 32.35% and a net margin of 21.29%. (NASDAQ:AAOI) rating on Tuesday, June 20.

Jim Sage, the president of USA brands for Pfizer Essential Health, says, "We believe the story for Viagra isn't done".

Pfizer claims that market research shows that 20% of customers are loyal to Viagra, so instead of giving up their sales, the company chose to put forward its own generic brand while fighting to keep men on the little blue pills. According to the AP, Pfizer estimates that 20 percent of its customers will still stay with the name-brand pills, even with cheaper generics are available.


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