We mean business
Comprehensive legal services for businesses
in New Jersey and New York

COVID-19 Notice: In order to best serve you, while being mindful of your health and safety, we are available for consultations and conferences via telephone and video. We can arrange for documents to be prepared, reviewed, signed and exchanged electronically. We are ready to assist you with all of your legal needs.

We are open and ready to assist you. Go to our COVID-19 Updates page to see our latest statement on the crisis and a list of recent news and developments during this challenging time.
comprehensive legal services for businesses

Lipitor patent expires, lowering cost of best-selling drug

The end of this month marks a milestone in the pharmaceutical industry’s intellectual property. The patent for Lipitor, the top-selling drug in the world, will expire. This means generic versions of the drug will soon be available, making it significantly less expensive and more accessible.

New Jersey residents are undoubtedly familiar with the cholesterol-lowering drug, which has been a big seller since it was created 20 years ago. At its peak it accounted for 27 percent of pharmaceutical company Pfizer’s sales, according to Democrat and

Patents for other major prescription drugs are expiring soon, too. One of them, the blood thinner Plavix, is the second-top-selling drug. The patent for popular asthma drug Singulair is expiring next year.

When a company applies for a patent, it is required to disclose the exact contents of the invention. In the pharmaceutical industry, generic versions of that invention inevitably follow once the patent expires in 20 years. This is good news for any patient who needs the drug but cannot afford the inventing company’s version of it. That holds true in the case of Lipitor, too. Millions of Americans already take the drug, which costs about $4 a day. Generic versions could drop that price down to just 10 cents a day, according to the Democrat and Chronicle.

While the expiration of the patent will mean a loss in revenue for Pfizer, it represents a tremendous gain for patients who need a drug designed to lower cholesterol and reduce their chance of a fatal heart attack or stroke.

Patients using these and other drugs are also more likely to get generics from a pharmacy, as opposed to seeking samples from their doctor. As a result, large retail pharmacies should also see a benefit.

Source: Democrat and, “Expiring patents will slash the cost of popular prescription drugs,” Sean Lahman, Nov. 13, 2011

Office Location

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map

Phone: 201-957-0874
Fax: 201-291-0140

Phone: 201-291-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2017

GET ANSWERS from a firm
with a sense of business.


Review US
FindLaw Network