UK Seeks Renewable Energy Boost: Energy Secretary Ed Miliband to Visit China in 2025
Pharma Sees Viagra Sales to Fall Down as Exclusivity Expired
By Rahul Gotadki , 14 April, 2023
Viagra has been approved by the U.S. Food and Drug Administration (FDA) to treat male erectile dysfunction. Initially, it was used for hypertension, high blood pressure, and chest pain associated with coronary heart disease.
According to the reports, sildenafil is the generic drug name, later marketed as Viagra. It has been found to induce penile erections sometimes during clinical trials; after that, Pfizer decided to study and sell the drug for erectile dysfunction too. As per the reports, Pfizer's drug became an instant success reaching above $1 billion in global sales in its second year.
North America is the largest region in the erectile dysfunction (ED) drugs market in 2022.Middle East is expected to be the fastest growing region in the forecast period.
In 2013, Pfizer's patent on the usage of sildenafil for erectile dysfunction expired in the European Union. Thus, its success story began to fade even after being a most recognizable drug and often synonymous with sexual performance enhancement. The reports further revealed, at that time, the company in the United States was involved in a patent lawsuit which resulted in the settlement of Teva Pharmaceuticals to launch a generic version of Viagra in 2017.
The loss of exclusivity was seen in major markets such as Japan, Europe, and mainly in the United States, and Viagra sales had a significant effect. Reports have proven that it declined by almost 70 percent between 2012 and 2018. The company's off-patent branded and generic business Upjohn in 2020, which also included Viagra, was spun off later and combined with Mylan to create a new company called Viatris.Viagra's $32.6 Billion Run
Latest News
UK Seeks Renewable Energy Boost: Energy Secretary Ed Miliband to Visit China in 2025
Energy Secretary Ed Miliband will visit China from March 17 to 19, 2025, to boost the United Kingdom’s (UK) renewable energy initiatives. This visit aims to revive the UK-China Energy Dialogue, excluding nuclear power, via clean and sustainable…
Semiconductors Powering the Future: Fostering Renewable Resources Growth Amid Complexity in Supply Chains
In 2025, the global semiconductor industry is set to boom as sales are projected to increase by 15 percent, reaching nearly USD 721 billion. This growth is prominent in both the technological region and the aiding toward the clean energy shift.
With…
Advanced Packaging Reshapes Chip Industry in 2025
The world of semiconductors is evolving with new advanced multichip packaging innovations in 2025. Due to the advancements, the chip's performance improves, mobile devices and new GenAI technology can be produced promptly, and production and…
AI Reinvents Energy Efficiency in Building Designs 2025: A Novel Approach to Clean Energy Transition
In 2025, AI technology will change energy efficiency in buildings, marking another milestone in the shift towards renewable energy. With AI, Building Management Systems (BMS) can now guarantee energy monitoring and optimization, which minimizes waste…
Big Tech Backs Nuclear Expansion: Pledges to Triple Global Capacity by 2050
Leading technology giants Amazon, Google, and Meta have teamed up with other big energy users in a historic action at the CERAWeek 2025 energy conference in Houston to promote an ambitious initiative: doubling world nuclear power capacity by 2025…
Rahul Gotadki
Assistant Manager
Latest News
Semiconductors Powering the Future: Fostering Renewable Resources Growth Amid Complexity in Supply Chains
Advanced Packaging Reshapes Chip Industry in 2025
AI Reinvents Energy Efficiency in Building Designs 2025: A Novel Approach to Clean Energy Transition
Big Tech Backs Nuclear Expansion: Pledges to Triple Global Capacity by 2050
