ELI LILLY AND COMPANY APPROVED TO LAUNCH CIALIS IN CHINA
AsiaInfo Services, April, 2005
AsiaInfo Services 04-20-2005 Eli Lilly and Company Approved to Launch Cialis in China BEIJING, Apr 20, 2005 (SinoCast via COMTEX) -- The US medicine producer Eli Lilly and Company has received approval to roll out Cialis, a new product for curing Erectile Dysfunction (ED), in the Chinese market. Insiders generally believed that rollout of the new medicine will bring pressure to Viagra presented by Pfizer.
Further, themove has a strong impact on the already intense market of ED treatment medicines. The prices gap between Cialis and Viagra is only 2% to 3% in foreign countries. A five-capsule package of Viagra is sold at CNY 495 (USD 1 = CNY 8.27) in the Chinese market, so a same package of Cialis will be priced at no less than CNY 480. In accordance with a...
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