Dr Reddy8217;s files for marketing Lipitor generic

Earlier on Saturday,a business newspaper reported that Dr Reddy8217;s had developed a generic version for Lipitor,and along with its US subsidiary,had informed Pfizer about applying to the US Food and Drug Administration for marketing the drug.

Lipitor is the world8217;s largest selling drug,with global sales of 8.3 billion in the last nine months. So far,Ranbaxy is the only other Indian drugmaker to develop a generic for the drug,whose U.S. patent expires in 2010.

Under a settlement with Pfizer,Ranbaxy has agreed to launch its generic by November 2011.