ChronicleMIDWEEK
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TOPROL? TOPAMAX? TEGRETOL? TOUGH TASK KEEPING NAMES CLEAR
YOU KNOW HOW easy it is sometimes to confuse things — like when you want to reach for the telephone, but you mistakenly pick up your coffee cup, and instead of saying “Hello?” you say “Ow!” because you scalded your ear? US regulators fear that pharmacists and doctors are also capable of getting mixed up. And so AstraZeneca’s US operation, with a prompt from the FDA, is writing to health professionals to advise them of similarities between the brand names of their antihypertensive metoprolol (Toprol-XL), and anti-seizure Txs topiramate (Topamax, Ortho) and carbamazepine (Tegretol, Novartis.) The FDA also asked druggists to double-check prescriptions for those brands. More info=>
US LAWYERS PLAN TO TAKE ON PFIZER OVER LIPITOR MARKETING CLAIMS
PFIZER will defend a class-action lawsuit launched today (09/28) in the US, which claims the company misled consumers into using atorvastatin (Lipitor) “despite the absence of evidence from clinical trials that these drugs are of any benefit to large segments of the population.” Litigation lawyer Steve Berman says Pfizer promoted Lipitor by claiming it prevents heart disease in women and the elderly. Berman says no clinical test has established such a benefit. Says he: “We believe Pfizer intentionally ignored the scientific evidence — and lack thereof — and launched a multi-million dollar ad campaign designed to push the drug to anyone they could convince to buy it. We intend to prove that Pfizer pocketed billions in sales to those who do not benefit from Lipitor.” More info=>
QLT BOSS PAUL HASTINGS BEATS A RETREAT FROM THE DRUGMAKER
QLT boss Paul Hastings suddenly ankled from the Vancouver company Monday (09/26), after a dust-up with his board. Said he: “While there were some differences with the board regarding the vision of the company, I continue to strongly believe in the people, products and projects of QLT and I am honored to have been part of it.” QLT marketing vee-pee Robert Butchofsky, who has been with the outfit seven years, was tapped as acting CEO. He’ll be among candidates considered for the permanent job, according to a company statement. More info=>
WEX WHACKS HEADCOUNT, STILL SEEKING CEO CANDIDATES
WEX PHARMACEUTICALS of Vancouver said yesterday (09/27) it reduced the number of employees at its HQ in BC and a Hong Kong office by 35 per cent. The outfit continues to hunt for a new CEO. Says interim boss Edge Wang: “Restructuring is never an easy job… The company is now in a very stable condition and can focus more of its resources on clinical development to help achieve commercialization of our lead product in the most expeditious manner.” More info=>
ODDS-MAKERS STUDYING RACE TO REPLACE GSK’S RETIRING KINGPIN
WHO WILL MOVE into J.-P. Garnier’s corner-office, after the GlaxoSmithKline supremo retires in October 2007? That question is on the mind of GSK board chair Sir Christopher Gent, who tells The Times of London he’s handicapping a short list of three to four potential successors. The chairman won’t identify the candidates, but The Times suggests they are: COO David Stout, stateside unit boss Chris Viehbacher, EU division head Andrew Whitty, and dark-horse Russell Greig, who has lined up several in-licensing deals for the company. Garnier has been consulted on the selection process, the newspaper reports. More info=>
FINANCER TRYING TO FORCE INEX TO BANKRUPTCY, COMPANY RESISTS
INEX PHARMACEUTICALS, the Vancouver outfit noodling out oncology Txs, plans to duke it out in court with an investment company seeking to have the company declared bankrupt. Says Inex prexy Timothy Ruane: “We categorically deny the allegations… and will defend against these allegations vigorously. Given our current working capital position and the steps we have taken over the past 10 months… we can meet all of our obligations as they become due.” More info=>
UK ANIMAL RIGHTS KOOKS ATTEMPT BOMBING OF GSK EXEC’S HOME
UK ANIMAL RIGHTS ACTIVISTS continue to escalate their war against Huntingdon Life Sciences (HLS), which conducts drug trials on animal subjects. After warning GlaxoSmithKline to sever its contracts with HLS, a group calling itself the Animal Liberation Front took responsibility yesterday (09/27) for bombing the home of GSK’s comptroller. The device caused minor damage, according to reports. A message directed to GSK from the terrorists said: “We have identified and tracked down many of your senior executives, and also junior staff, as well as those from other HLS customers. Drop HLS or you will face the consequences. More info=>
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