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Posted 4/7/2005 9:27 AM Updated
4/7/2005 11:21 AM
At FDA request,
Pfizer pulls painkiller Bextra off market
From staff and wire reports
WASHINGTON — Pfizer
(PFE) agreed Thursday to suspend sales and marketing of the
arthritis drug Bextra at the request of U.S. drug regulators, who say
the risks outweigh the benefits.
Regulators
also want
all other
anti-inflammatory
drugs in the same class to carry the strongest possible
warnings about increased risk of heart attack and stroke among the millions of people
who rely on them.
Pfizer suspended sales of Bextra in the
United States and the European Union at the request of the Food and Drug
Administration and European regulators. The company said that the FDA,
in seeking Bextra's withdrawal, cited a risk of serious skin reactions
to Bextra on top of the risks shared by other similar drugs.
The boxed warning recommended for the
other non-steroidal anti-inflammatory prescription drugs is the
strongest available to the FDA.
In addition to the prescription drugs,
the FDA asked manufacturers of related over-the-counter painkillers such
as Advil and Motrin to revise their labels to include information about
the risks of cardiovascular incidents and gastrointestinal bleeding.
The Food and Drug Administration has
been studying the safety of the COX-2 inhibitors since Merck
(MRK) voluntarily pulled Vioxx from the market Sept. 30 after heart
problems were reported in some users.
"Today's actions protect and advance the
health of the millions of Americans who rely on these drugs every day,"
said Dr. Steven Galson, acting director of FDA's Center for Drug
Evaluation and Research.
In February, advisers to the FDA had
recommended that people who depend on Celebrex, Bextra and Vioxx be
allowed to continue to use them despite the health risks.
The panel said Vioxx posed the greatest
risk and Celebrex had the fewest side effects. It recommended the
prescription drugs carry strong warnings and more study be done to gain
a better understanding of the drugs.
While suspending sales, Pfizer says it
disagrees with the agency view on Bextra.
Pfizer says it plans further discussions
with the FDA about the possibility of returning Bextra to the market.
But for now, Pfizer says patients should
stop taking Bextra and contact their physicians about appropriate
treatment options.
In a statement, Merck said Thursday that
while it respects the FDA's decision on selective COX-2 inhibitors, "It
is important to recognize that the millions of patients who continue to
suffer with pain need effective therapies and selective COX-2 inhibitors
have provided important therapeutic benefits to patients. We look
forward to discussions with the FDA."
Pfizer announced earlier this week that
its earnings would fall this year.
Part of the problem is that new
prescriptions for painkillers Celebrex and Bextra, with $4.6 billion in
2004 sales, have fallen sharply because of heart attack and stroke
concerns.
Pfizer will lose the vast majority of
its Bextra sales for the year, analysts say, adding that Celebrex sales
will take a huge hit as doctors and patients question the safety of the
only remaining COX-2 inhibitor on the market.
"If you are a doctor looking at this,
how can you think there are problems with two and not the third," says
Jason Napodano, an analyst with Zacks Investment Research.
Napodano expected Celebrex sales of $2
billion but they could be slashed to only $1 billion. He expected Bextra
revenue of $605 million but most of that has just evaporated.
He says he believes the FDA decision
will shave at least 5 cents from Pfizer earnings this year.
Contributing: Julie Schmidt,
USA
TODAY
Copyright 2005
The Associated Press.
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