Pfizer Sells 15,000 Viagra Pills in Switzerland in 1st Month
Bloomberg News August 24, 1998, 11:21 a.m. ET
Pfizer Sells 15,000 Viagra Pills in Switzerland in 1st Month
Zurich, Aug. 24 (Bloomberg) -- Pfizer (Schweiz) AG said it sold about 15,000 Viagra pills in the first month since its introduction in Switzerland, in what Pfizer said is the country's most successful launch of a new drug.
The unit of Pfizer Inc., the world's sixth-biggest drugmaker, said the impotency pill generated wholesale revenue of 1.1 million Swiss francs ($726,000) in the first month, suggesting retail revenue was 2 million francs. Switzerland was the first European country to approve Viagra, and Pfizer began selling the drug there at the end of June.
Viagra this week faces scrutiny by a committee of European Union drug regulators, who'll recommend whether the European Commission, the EU's executive arm, should approve the sale of the drug, according to Philippe Edouard Brunet, an EU drug regulator.
Viagra got the backing of the European Medicines Evaluation Agency, an expert panel that advises European regulators on drug approvals, on May 29. Final approval from the commission usually comes two to three months after EMEA approval, Brunet said.
--Reto Gregori in the Zurich newsroom (411) 224 4111/ph |