How Viagra Made Pfizer Billions Before Generics - CNBC

51 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

The Elon Musk-Jeff Bezos Feud, Explained

The Elon Musk-Jeff Bezos Feud, Explained

2 years ago
3,069

Elon Musk and Jeff Bezos are in an epic feud that's been raging for years. But it wasn't always the case. In 2004, for example, the two titans had dinner together. Today, instead of passing ideas, they're berating each other for the world to see. Here's how things got so out of hand....

How Warren Buffett Makes And Spends His Billions

How Warren Buffett Makes And Spends His Billions

2 years ago
2,275

Warren Buffett is the third richest person in the world, but he lives a modest life. He drinks five cokes a day and even eats McDonald's for breakfast. The CEO and chairman of Berkshire Hathaway donates billions to charities. He still lives in the house he bought in the 1950s, which is now worth over $652,000....

Suze Orman: Why Your Mindset Can Keep You From Building Wealth

Suze Orman: Why Your Mindset Can Keep You From Building Wealth

2 years ago
1,871

Personal finance expert Suze Orman explains the importance of your mindset in earning money. » Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money. Connect with CNBC Make It....

Kevin O'Leary: You Can Get Rich Going To Trade School

Kevin O'Leary: You Can Get Rich Going To Trade School

2 years ago
693

Kevin O'Leary thinks attending college isn't necessarily the best financial decision for everyone. “I don’t recommend college for everybody,” O’Leary tells CNBC Make It. “The fact is, there’s a lot of trade schools that would help you make a lot more money. Be a plumber,...

Cannabis company going public on Nasdaq

Cannabis company going public on Nasdaq

2 years 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...

The Job-Hunting Advice Kevin O'Leary Gave His Daughter

The Job-Hunting Advice Kevin O'Leary Gave His Daughter

2 years ago
9,999

As an entrepreneur with experience scouting top talent, "Shark Tank" star Kevin O'Leary had two key pieces of resume advice for his now 25-year-old daughter Savannah when she first started job-hunting: Keep it succinct, and show the prospective employer what you can do for them. » Subscribe to CNBC...

Why do we have the penny? | CNBC Explains

Why do we have the penny? | CNBC Explains

2 years ago
4,052

Ever wondered whether there's a point to having small change? You're not alone. The U.K. and U.S. continue to mint pennies but some countries like Canada have scrapped them all together. So should we get rid of the smallest value coins in circulation? CNBC's Tom Chitty explains. ----- Subscribe to us on...

Facebook to Launch its Own Cryptocurrency in 2020

Facebook to Launch its Own Cryptocurrency in 2020

2 years 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 *...

Why General Motors Left Europe

Why General Motors Left Europe

2 years ago
5,670

In 2017, General Motors, the largest U.S. automaker, with brands like Chevrolet, Cadillac, and Buick made one of its boldest moves in its history. It sold its European Opel and Vauxhall brand to the French automaker PSA, known for brands such as Peugeot and Citroen. It was the end of an era for GM, which had first...

Comments
 

You have
500
characters left.
  •  
  •