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'Patent cliff' spurs hunt for late-stage targets

Posted on October 27, 2009 9:30 PM
Large pharmaceutical firms will likely hunt for companies with compounds in late-stage development as they seek to replace more than $74 billion in total sales on products that will lose patent protection by 2012, according to a Deloitte & Touche LLP report issued Tuesday.

One of the more prominent compounds earmarked to lose patent exclusivity will be Pfizer Inc.'s anticholesterol drug, Lipitor, which will be open to generic competition beginning 2011.

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