Monday, July 9, 2012

Pfizer sued by retailers for generic Lipitor delay

Walgreen Co, Kroger Co, Safeway Inc, SuperValu Inc and HEB Grocery Co filed an antitrust lawsuit against Pfizer Inc and India's Ranbaxy Laboratories Ltd on Thursday, accusing them of conspiring to delay sales of generic versions of Lipitor, the best-selling drug in history. Lipitor sales in 2011, totaled $9.6 billion, accounting for about one-seventh of Pfizer's total revenue.