Lipitor sales tanked 42%, and though sales of other products grew, overall pharma sales dropped 25%.
Getting FDA approval of a new plant in India meant Ranbaxy was able to push out enough generic Lipitor in March to take the top spot in production of the drug.
Pfizer lost the lead in the Lipitor market, getting outsold by about 300,000 pills.
After a four-year stint of being unable to ship drugs from its plants in India to the U.S. and Canada, Ranbaxy Laboratories is returning in a big way.
Ramping up Indian production of generic Lipitor is key to Ranbaxy's ability to profit from the drug.
Ranbaxy Laboratories has a new FDA-approved plant in India from which it is shipping a generic Lipitor to the U.S.
Astellas Pharma extended its deal with Pfizer ($PFE) to market the cholesterol drug Lipitor in Japan.
Sanofi and Regeneron today noted that their rival PCSK9 inhibitor triggered a significant drop in LDL levels among patients with a high level of the "bad" kind of cholesterol.
As Bloomberg reports, the Pfizer board rewarded CEO Ian Read with a $25 million paycheck.
Pharma's co-pay discounts have their fans--patients, certainly, but they also have their detractors.