[NH] Children Are Being Exploited to Extend Pharmaceutical Patents
Want to protect your kids from high cholesterol? Just give 'em drugs—
like the new, chewable form of Lipitor. Yes, chewable. Like candy. A
new Action Alert asks Congress to repeal a really rotten law that
encourages this.
Lipitor, the world's top-selling drug—made by Pfizer, the world's
largest pharmaceutical company—has just been approved for use with
children in the European Union. It is already approved for children in
the US. The motivation is obvious: Lipitor's 2009 sales were about $13
billion, but its US patent expires at the end of November 2011. This
means Pfizer will quickly lose much of its Lipitor revenue once the
generic competition hits the market. The company is desperately trying
to boost its sales everywhere it can before then.
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3:14 PM
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