Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

FDA: asthma drugs pose increased risks

Fri. December 05, 2008; Posted: 04:18 PM
Stocks RSS
Dec 05, 2008 (The Philadelphia Inquirer - McClatchy-Tribune Information Services via COMTEX) -- NVS | Quote | Chart | News | PowerRating -- The Food and Drug Administration said today three popular asthma medicines may increase risks of hospitalization and death in some asthma patients.

The safety of the drugs -- Serevent manufactured by GlaxoSmithKline P.L.C., Symbicort made by AstraZeneca, and Foradil from Novartis AG -- will be reviewed by outside medical advisers to the FDA at a two-day hearing next week in Rockville, Md.

While three of the medications, known as long-acting beta agonists, or LABAs, had a "positive risk difference" in clinical studies, it was only "statistically significant" for Serevent, FDA staff said, in briefing materials posted today on the agency's Web site.

A fourth drug, Advair made by GlaxoSmithKline, had no increased risk of respiratory complications, FDA staff said. Advair has about $4 billion in annual sales, and is Glaxo's biggest product.

Medical experts will consider the potential risks of all LABAs, including Advair, at the two-day hearing Wednesday and Thursday, hear presentations by the drugmakers, and make recommendations. The drugs already carry strong warnings, but the findings next week could lead to more specific instructions for patients.

Children, ages 4 to 11, taking LABA drugs appeared to be at greatest risk for complications than those taking older treatments, FDA staff said. African Americans showed elevated risk compared to other groups, and females had higher risks than males.

In clinical studies, there were 20 asthma-related deaths -- 16 in patients treated with LABA drugs, and four among patients taking other non-LABA medications. "All the asthma-related deaths were among Serevent-treated subjects," the FDA said.

Separately, the FDA is investigating a possible link between Singulair, Merck & Co's popular allergy and asthma drug, and suicide.

In March, the FDA said it was reviewing Singulair for potential safety issues after receiving a handful of reports of mood changes, suicidal behavior, and suicide in patients who had taken the drug.

The FDA review of Merck's biggest product, with $4.3 billion in annual sales, is likely to wrap up in the next month or two, said Timothy Anderson, analyst at Sanford C. Bernstein & Co., in a research note today.

"Investors need to be mindful of these ongoing safety reviews by FDA and their potential commercial implication," he wrote.

Merck updated Singulair's labeling four times in the last year to include information on a range of reported side effects: tremors, anxiousness, depression and suicidal behavior.

The FDA is notifying the public earlier about possible safety issues. The policy change came after the agency was criticized for acting too slowly on information about the risks of Merck's painkiller Vioxx and GlaxoSmithKline P.L.C.'s diabetes pill Avandia.

Contact staff writer Linda Loyd at 215-854-2831 or lloyd@phillynews.com.

To see more of The Philadelphia Inquirer, or to subscribe to the newspaper, go to <a href=http://www.philly.com>http://www.philly.com</a>. Copyright (c) 2008, The Philadelphia Inquirer Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

For full details on GlaxoSmithKline (GSK) click here. GlaxoSmithKline (GSK) has Short Term PowerRatings of 6. Details on GlaxoSmithKline (GSK) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [GSK]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.