Switzerland-based generic drugmaker Actavis, now wholly-owned by the USA’s Watson Pharmaceuticals (NYSE: WPI), last Friday announced the launch of the proton pump inhibitor rabeprazole in Germany, France, Spain, the Netherlands and UK immediately after the patents expired on 12-13 November. The product will be launched in Italy shortly. In Austria, Actavis started the pricing process on day one.
Developed and manufactured by Actavis in Iceland, Rabeprazole Sodium Actavis is the generic equivalent of Johnson & Johnson (NYSE: JNJ) subsidiary Janssen Pharmaceuticals' brand product Pariet. According to IMS Health data quoted by Actavis, branded rabeprazole sales in Europe were 305 million euros ($388 million) for the year ending June 2012.
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