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
The cost of home renovations could rise by thousands of dollars thanks to the increase in U.S. tariffs on Chinese goods. WSJ’s Jason Bellini takes a look at how consumers will be affected. Photo: Angus Mordant/Bloomberg Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street...
Fannie Mae and Freddie Mac back about half of new mortgages in the U.S. Now, talks are heating up about reshaping or shrinking the two companies, a move that could impact millions of Americans. Photo: Heather Seidel/The Wall Street Journal Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from...
Tesla announced its latest guidance for 2020 as well as its annual report, which includes plans to issue $2 billion in more stock but is the stock overvalued? Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down the details on The First Trade. #Tesla #ELONMUSK #Teslastock Subscribe to Yahoo Finance:...
Bernie Sanders released his tax returns - it turns out he made more than a million dollars in both 2016 and 2017. We dug through the 2020 presidential candidate's IRS filings to see how Bernie and his wife Jane make their money - mostly from book deals and the senator's salary. Watch the video to see how a...
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...
Amazon said that Prime members will soon see the default two-day free shipping reduced by a day. CFO Brian Olsavsky said during the company's first-quarter earnings call that it plans to spend $800 million to make the change. The move will put pressure on retailers like Walmart and Target to respond and spend more...
Companies like Apple and Walmart purchase outstanding shares of their own stock in a practice known as buybacks. Over the last year there's been an increase in politicians questioning buybacks and whom they actually benefit. In December 2017 President Donald Trump signed the GOP tax cut, which took effect the next...
"It's all about how you see yourself in the future." » Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf As the star of ABC's "Shark Tank," Kevin O'Leary has a decade of experience assessing entrepreneurs who walk into the Tank. And he's learned the inherent difference between...
As the decline of brick and mortar retail rolls on, commercial real estate developers are left with massive abandoned properties. Who will fill that underutilized space? A series of recent acquisitions by associates of Amazon in Northeastern Ohio provides some clues. Don’t miss a WSJ video, subscribe here:...
