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Pfizer Ltd, the Indian arm of Pfizer
Inc. of the US, is launching Becosules Plus, a variant of its highest selling multivitamin
brand Becosules. Coenzyme vitamin H, or biotin, has been added in the new formulation
apart from the existing ingredients of Becosules.
The company has been working on this
product for the past 18 months and has conducted six months stability studies on it, says
Ian Young, managing director, Pfizer Ltd. The product will be priced at Rs 11 for a strip
of ten capsules.
However, the company is yet to decide on
the fate of Becosules, which underwent drastic price reduction after the National
Pharmaceutical Pricing Authority slashed its prices by 30 per cent to Rs 7.90. "A lot
would depend on the review petition filed by Omni Protech, Pfizer''s third party
manufacturer, to the NPPA for an increase in price," Mr Young says.
Becosules is the second largest
pharmaceutical brand in the country, after Alembic''s Althrocin. According to IMS 1998
data, Becosules recorded sales of Rs 71 crore and grew at a healthy 27 per cent over 1997.
Industry experts foresee withdrawal of
Becosules from the market if the NPPA does
not increase the prices to an accepted level. It also remains to be seen how NPPA reacts
to Pfizer''s latest initiative, which could well be perceived as circumventing the NPPA
price control net, an industry official says.
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