How Viagra Made Pfizer Billions Before Generics - CNBC

22 Views · Published on Wed, 01 May 2019 · FINANCE & BUSINESS

Pfizer was making $1.8 billion a year on average from Viagra when the erectile dysfunction drug first appeared on the market. After the patent expired in late 2017 and competitors created cheaper alternatives and generics, Viagra sales plummeted with 73% year-over-year for 2018. Pfizer still holds the lead in the erectile dysfunction market with 65% even as Viagra sales falter. It’s been able to maintain that significant share thanks in part to launching Sildenafil, its own generic version of the blue, diamond-shaped pill. Cialis and its generic, Tadalafil, and Levitra and its generic, Vardenafil, are close behind with 30% and 5% of market share, respectively. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: http://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: http://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Viagra How Viagra Made Pfizer Billions Before Generics

Related Videos

Where in the world is Bitcoin’s mysterious creator, Satoshi...

Where in the world is Bitcoin’s mysterious creator, Satoshi...

6 months ago
166

60 Minutes producer Andy Court talks about the mystery of Bitcoin’s inventor, Satoshi Nakamoto, and the challenges of reporting on cryptocurrency Subscribe to the "60 Minutes" Channel HERE: http://bit.ly/1S7CLRu Watch Full Episodes of "60 Minutes" HERE: http://cbsn.ws/1Qkjo1F Get more...

How to double your money in the market

How to double your money in the market

6 months ago
152

Compounding investments is a powerful thing. Even regular investors can double their money in the market, time and time again, if they stick with their stocks over the long run. Josh Brown hits the streets to help people wrap their heads around exponential growth and real wealth building.

The Secrets Of Making Money On Social Media Through Multi-Level...

The Secrets Of Making Money On Social Media Through Multi-Level...

7 months ago
3,063

Journalist Ellie Flynn goes undercover to investigate 'multi-level marketing', an online selling scheme that promises people the chance to earn big money as 'influencers' by selling products, often through social media. Watch the full episode on the BBC Three iPlayer page here:...

Cannabis company going public on Nasdaq

Cannabis company going public on Nasdaq

6 months ago
640

Vertical Wellness CEO Smoke Wallin on the company's IPO and the outlook for CBD and marijuana. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the...

How Taylor Swift Makes And Spends Her Millions

How Taylor Swift Makes And Spends Her Millions

7 months ago
1,773

Taylor Swift just dropped a new single and music video with Panic! at the Disco's Brendon Urie after a cryptic countdown on her website teased the release. The singer and songwriter has amassed an estimated $320 million net worth and owns at least $84 million in real estate across four states. Her...

How Apple, Amazon and Microsoft Hit $1 Trillion Valuation

How Apple, Amazon and Microsoft Hit $1 Trillion Valuation

6 months ago
4,272

Microsoft, Apple, and Amazon are the first three publicly traded U.S. companies to hit $1 trillion in market value. WSJ’s Dan Gallagher explains how each company reached the milestone. Photo illustration: Laura Kammermann Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall...

Trump Tower Is Now One of NYC’s Least-Desirable Luxury Buildings

Trump Tower Is Now One of NYC’s Least-Desirable Luxury Buildings

6 months ago
554

May.16 -- The 36-year-old building has been turned into a fortress since Trump won the presidency, ringed with concrete barriers and the two main entrances partially blocked off.

Facebook to Launch its Own Cryptocurrency in 2020

Facebook to Launch its Own Cryptocurrency in 2020

6 months ago
173

Facebook plans on launching the cryptocurrency, termed “GlobalCoin,” in a dozen countries by the first quarter of 2020, BBC reports. ► Subscribe for more tech & culture videos: http://on.mash.to/subscribe ◄ MORE FROM MASHABLE * Tricking iPhone Facial Recognition: http://bit.ly/2M85wSJ *...

How To Save Money And Build Wealth When You're In Debt

How To Save Money And Build Wealth When You're In Debt

6 months ago
380

How to save money when you're broke or living paycheck to paycheck is a concern for many Americans. Farnoosh Torabi, personal finance author and host of the "So Money" podcast, has some helpful advice on how to start saving money right now, regardless of your financial situation. » Subscribe to...

Comments
 

You have
500
characters left.
  •  
  •