The top selling branded drug Lipitor comes off its patent protection, raising consumer hopes for a cheaper cholesterol controlling generics.
Patent protection for the world’s best selling prescription drug, Lipitor, ended on 30th November 2011. This paved the way for the generic versions of Lipitor, the widely prescribed cholesterol lowering drug, to enter the US market. The generic version Atorvastatin Calcium, or generic Lipitor is now available in US and Canada pharmacies. The price of the generic drug is on the average, 20% lower than the brand product at US pharmacies, but would cost only a fraction of its original cost at Canadian pharmacies under Health Canada regulations on drug prices.
Currently, the first generic product to enter the market is from Ranbaxy, earning the company a six month period of exclusivity in the generic market. But Pfizer has introduced an “authorized generic” product through Watson Pharmaceuticals. Though much awaited big topple in prices did not materialize, it is expected that the prices may hit the bottom when more competitors enter the market with their own generics after the end of six month exclusivity period, predicted an industry analyst.
However, some of the consumers in US had access to generic Lipitor through the online Canadian pharmacies as the generic Lipitor was available in Canada from May 2010. It is well known fact that Canadian government with its concern for social benefits, approve generics much faster and also caps the price of drug retail prices. For these reasons, the price of brand Lipitor from Canadian pharmacies is 65%-75% cheaper than the price in US pharmacies.
“If the consumers buy the generic Lipitor from Canadian pharmacies the price can be one tenth of the price of brand name drug in US pharmacies. Even with the availability of the generic drug in US, the prices have not come down as expected, though Pfizer has teamed up with the insurers to bring down the co-payments by reimbursing the cost to insurers” – stated a spokesperson for a leading Canadian pharmacy, Big Mountain Drugs.
Consumers who have to pay out of pocket, with low or no health cover should look in to buying from Canadian online pharmacies, as this still remains the best economic option.
The BMD spokes person compared the prices of Lipitor and generic version of it, Atorvastatin and claimed: “Our price for a 90 pill pack of 40 mg brand name Lipitor is $128 while a pack of 100 pills costs $515 in a US pharmacy. Our price for generic Lipitor is even less. A pack of 90 pills is priced at $47. These prices show that buying generic Lipitor from Big Mountain Drugs is 90% cheaper than buying brand name drug from a US pharmacy.”
She went on to say “Even the price for generic drug recently introduced to US market is much higher than our price. Consumers in US can make huge savings when they buy from us. With our wide product range of best quality, low priced drugs we help millions of consumers all over the world. Apart from the price advantage, they love the convenience of ordering online from their homes and receiving the drugs at their doorsteps.”
About Big Mountain Drugs:
Big Mountain Drugs is a registered pharmacy operating in British Columbia licensed by College of Pharmacists of British Columbia, Canada. It is a verified member of Canadian International Pharmacy Association (CIPA). In addition to the regular pharmacies, BMD brings best quality medicines at affordable prices to its worldwide clientele through its website, BigMountainDrugs.com. Pharmacychecker.com, the independent company that verifies the international pharmacies also has verified Big Mountain Drugs.
Author
Big Mountain Drugs, a leading Canada online pharmacy provides a wide portfolio of branded and generic prescription as well as OTC Drugs at affordable prices via its licensed online pharmacy. Customers can now buy Lipitoror generic Lipitor and other Canada prescription drugs from BMD and have it delivered worldwide to their doorstep. Big Mountain Drugs is a CIPA approved pharmacy operating from British Colombia, Canada.
For more information on Big Mountain Drugs.Com:
Name : Ms. Estella Wong
Tel : 1.778.218.2670
Web : http://www.bigmountaindrugs.com/
BigMountainDrugs.com
8322 130th Street, Surrey,
British Columbia, Canada, V3W 8J9