Israeli drugmaker Teva Pharmaceutical Industries has wasted no time in launching a generic version of a newly off-patent HIV drug with annual US sales of around $762 million.
The patent for Viread (tenofovir disoproxil fumarate), from US biotech Gilead Sciences, expired on Friday, and on that day Teva announced its exclusive launch of a generic.
Noting that generics were looming, in October, USA-based global AIDS organization AIDS Healthcare Foundation (AHF) called on Gilead to reduce the price of its tenofovir-based drug regimens – including Viread – by as much as 90%.
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