Exact(51)
He said generic drugs might soon account for 50percentt of total prescriptions, not 50percentt of spending on drugs.
Total prescriptions rose 6.6percentto to 3.3 billion, last year -- the equivalent of almost one prescription a month for every American, Mr. Silverberg said.
The drop in total prescriptions came before the Food and Drug Administration said that six people taking the pill had died.
Brand-name drugs accounted for 18 percent of the total prescriptions written by doctors in 2011 but 73 percent of consumer spending, IMS reported.
Brand-name drugs accounted for only 18 percent of the total prescriptions written by doctors in 2011 but 73 percent of consumer spending, IMS reported.
The drug has seen strong growth of late, and it has become the leader in the oral anticoagulants market (total prescriptions) in the U.S., amid market share gains.
Similar(9)
Some analysts said they were disappointed in Pfizer's total prescription drug sales.
But name brands account for 78percentt of total prescription drug spending in this country.
Over all, total prescription volume for the year rose 6.4percentt, while mail order alone rose 11.6percentt and retail rose 3.3percentt.
But despite $1.35 billion in Singulair sales, total prescription drug revenue fell 2 percent, to $10.58 billion.
Walgreen said it expected total prescription volume for fiscal 2012 to dip 1 to 3 percent.
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