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Generic Cialis Cost in US, Cialis Patent Expiration september 2018

2018-10-03

Teva Pharmaceutical Industries starts production of generic Cialis

Good news for all men suffering from erectile dysfunction! For many years, Cialis was make by Eli Lilly company, which had exclusive rights and patent protection for this drug. However, recently the american company Teva Pharmaceutical Industries announced the release of the first of its kind generic Cialis september 28, 2018.

This drug will be sold in tablets of 2.5 mg, 5 mg, 10 mg and 20 mg on prescription. It will be available in traditional pharmacies and online stores. Given the decline in the cost of the drug, the number of places where it can be bought will increase several times.

How did Teva get the opportunity to produce a Cialis analog?

Teva Pharmaceutical Industries is one of the leading generics drugmakers. To date, more than 550 titles are on their catalog, and about 100 more are being prepared for release in the United States. So far, all applications for the production of biosimilar drugs are being considered by the Food and Drug Administration (FDA).

As the patent for the drug expires, manufacturers can apply for the commercialization of its generic. Within six months, the firm can determine the most cost-effective biosimilar drugs and increase the market share until other analogues of the drug are available for sale. Actually, this is what happened with Cialis generic september 2018.

Hafrun Fridriksdottir, Teva’s executive vice president and the head of global research and development, said: «We are very pleased that we can offer a more affordable treatment option for more than 30 million men in the US suffering from erectile dysfunction. In addition, with the help of our biosimilar drugs, about 15 million men will be able to cope with benign prostatic hyperplasia».

What will happen to Eli Lilly in the future?

According to the company IQVIA, sales of Cialis tablets brought the company almost two billion dollars every year. However, after Teva's statement, Eli Lilly's income is likely to fall. The first sign is a rise in the price of Teva shares by 0.14% just a day after the announcement of the generic Cialis september 2018.

This is not the first blow to Eli Lilly, made by competitors. So, in 2017, sales of the original Cialis significantly decreased after the arrival of analogues of Viagra on the market. In addition, Eli Lilly will compete with companies such as Watson, Sun Pharma and Aurobindo. All these manufacturers are preparing to launch their own versions of Cialis analogues after Teva’s exclusivity period ends.

Analysts predict a colossal drop in Eli Lilly's annual revenues from sales of the drug for the treatment of erectile dysfunction up to $ 55 million by 2022. However, the company still has a chance to correct its financial situation. Experts believe that the sales of her new drug for the treatment of migraines called Emgality can be about 700 million dollars a year.

How much will generic Cialis cost in United States?

Currently Cialis is the second most popular drug for the treatment of erectile dysfunction after Viagra. It is noteworthy that often men prefer it because it has a milder effect on the body. However, prices for this drug have always been very high. For example, for a long time, one pack of 30 tablets of 5 mg cost about 350 dollars. Over the past six months, its value has increased to 400 dollars.

However, given the announcement of Teva on the start of production of generic Cialis, prices will decrease by at least 15%. Unlike branded drugs, their analogues quickly acquire an attractive cost. Usually this happens within one year after the start of sales. According to experts, the standard pack of generic Cialis of 30 tablets of 5 mg will cost no more than 275 dollars.

In addition, health insurance holders will be able to buy generic at even lower prices. And after other manufacturers of biosimilar drugs come to the market, they will cost two times cheaper than the originals. Thus, we can assume that packing Cialis of 30 tablets of 5 mg will cost about 180-200 dollars.