Generic Lipitor is Finally Here! But is it Cheaper?
Posted Dec 20 2011 11:44am
Many heart disease patients have waited years for the option of a cheaper Lipitor. Now that the generic is being sold in pharmacies throughout the country, is it really providing the benefit of being a lower-cost option?
With Lipitor being a widely prescribed drug for heart disease patients, the concept of a cheaper version has been a long time coming. Lipitor (atorvastatin) has avoided going generic for over 20 years by using big money to fund new studies and fight generic companies in court. Pfizer, Lipitor’s manufacturer promised that they were really going to let it go generic this year. It did indeed go generic just this past week!
News reports have stated that Lipitor’s sales have fallen by 50% just in this first week of generic availability. However, other reports (an article in the New England Journal of Medicine) have brought up concerns over Pfizer’s tactics to compete with the new generic. Deals have been struck between Pfizer and some large pharmacies to allow for Lipitor to be sold cheaper than it’s own generic!!
Currently there is only one generic available but after 6 months there will hopefully be more competition from other manufacturers. The more generic pills available to the public would mean lower prices for everyone! For now though, you may want to recheck the price of Lipitor at your pharmacy. Many people are just automatically filling their prescription for the generic without actually discovering the new price of Lipitor. While Pfizer’s tactics may be somewhat questionable, saving a few dollars in this tough economy is a top priority for many!