AstraZeneca reveals pricing strategy for Nexium, lower than Losec

1 August 2000

AstraZeneca has surprised industry observers by announcing a pricingstrategy for Nexium (esomeprazole) which is lower than the cost of its predecessor, the blockbuster antiulcerant Losec/Prilosec (omeprozole).

The price of Nexium, following its first launch in Sweden on August 14, will be 12.80 kroner ($1.40) per 40mg tablet and 10.30 kroner per 20mg tablet. This compares to 14.30 kroner for the price of each Losec multiple unit pellet system 20mg tablet.

The firm says that "in setting the price for Nexium in Sweden we have taken careful account of the pricing of competitive proton pump inhibitors and the desire to offer to doctors and patients incentives to use and benefit from the clinically superior Nexium. Consequently, Nexium 40mg has been priced at a small discount to Losec 20mg."

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