Bloomberg News

Ranbaxy Wins U.S. Approval to Sell Generic of Pfizer’s Lipitor

November 30, 2011

Nov. 30 (Bloomberg) -- Ranbaxy Laboratories Ltd., India’s biggest drugmaker, won U.S. clearance to sell a generic version of Pfizer Inc.’s $10.7 billion Lipitor cholesterol pill.

The Food and Drug Administration approved Ranbaxy’s copy of the world’s top-selling drug, which will be manufactured by Ohm Laboratories in New Brunswick, New Jersey, the agency said today in a statement. Watson Pharmaceuticals Inc. today began selling a copy of Lipitor in the U.S. under an agreement with New York- based Pfizer. Watson’s version didn’t require FDA clearance because Pfizer is providing the drug to sell without the brand label in return for a share of the revenue.

--With assistance from Drew Armstrong in New York and Adi Narayan in Mumbai. Editors: Andrew Pollack, Bruce Rule

To contact the reporter on this story: Molly Peterson in Washington at mpeterson9@bloomberg.net

To contact the editor responsible for this story: Adriel Bettelheim at abettelheim@bloomberg.net


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