Zyxprexa:Eli Lilly's Turn In The "Hot Seat"
Sales are up, Eli Lilly’s share price closed at $59.28 yesterday and its blockbuster anti-psychotic drug Zyprexa® had worldwide sales in excess of $4.0 billion in 2006. So, what is wrong with this picture? Apparently, there are new questions about the accuracy of the safety data that were submitted by Eli Lilly to FDA as part of the Zyprexa new drug application (NDA) in 1996. The FDA has questions about a Lilly document from February 2000 that suggests that patients taking Zyprexa in clinical trials were three and half times as likely to develop high blood sugar (hyperglycemia) than patients who were not taking the drugs. According to FDA, this bit of information was not submitted as part of the Zyprexa NDA. Instead, the company submitted data to the agency that indicated that patients treated with Zyprexa developed high blood sugar at a rate of 3.1% whereas those taking placebo developed hyperglycemia at a rate of 2.5%. Further, there are other documents from Feb. 2000 that indicated that Lilly scientists discussed whether Zyprexa’s label should changed to alert doctors of the risk of hyperglycemia associated with the drug. These documents along with internal e-mail messages contradict public statements that were made by Lilly about Zyprexa’s risks and overall safety.
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The New York Times reported today
Reuters reported today that
I will be conducting career development seminars at the
Amgen announced yesterday that
According to a recent article in
Amgen’s
Regulatory affairs is one of the hottest and fasting growing career tracks in the pharmaceutical, biotechnology and medical devices industries. The trouble is,there is very little formal training available to prepare individuals for careers in regulatory affairs. Historically, most regulatory affairs professionals honed their skills through on-the-job training. This meant that the only way to pursue a career in regulatory affairs was to first get hired at a pharmaceutical or biotechnology company and then transfer into the regulatory affairs department to learn your craft. Not surprisingly, due to expansive growth of the biotech and medical devices industries, there are ongoing shortages of regulatory affairs professionals, most notably in the area of regulatory writing. In an attempt to deal with these shortages, a number of universities including
The Motley Fool on Friday
A new report recently issued by America’s top universities says that the nation’s “biomedical enterprise is in a serious crisis”. The crisis purportedly has resulted from shortfalls in funding from the National Institutes of Health (NIH) that only allows 20% of projects submitted for funding to be supported. The report goes on to suggest that “brilliant young scientists are leaving science in frustration, productive researchers are not doing research due to lack of funding and that the U.S. lead in biotechnology is being threatened”. Economics 101 tells us that a lack of available research funds ought to translate into concomitant reductions in the numbers of graduate students and postdoctoral fellows who are being trained at these institutions. This is simply not the case! A quick perusal of departmental rosters at many research institutions indicate that there is an overabundance of both graduate students and postdoctoral fellows at these institutions many of whom cannot find jobs at the end of their training. So what is really going on? Some insight into the situation was offered in an
Pfizer, the world’s largest pharmaceutical company, is on the ropes and in serious danger of imploding. After a decade long buying spree, gobbling up pharmaceutical companies that included Warner Lambert (Lipitor®) and Pharmacia (Celebrex®) and a host of smaller biotechnology companies including Agouron (antivirals) and Vicuron (antibiotics), the company has an extremely small drug pipeline. This is not surprising because Pfizer’s business model was to acquire rather than develop its own blockbuster drugs. As always, hindsight is 20/20 but it is patently obvious that Pfizer should have re-invested the billions the company made through sale of its blockbuster drugs (Celebrex®, Viagra®, Zoloft® and Lipitor®) into its own internal R & D programs to remain competitive in the long term.
As many of you may know, I sometimes moonlight as a medical writer to put food on the table to feed my family. Several graduate students and postdoctoral fellows have approached me at career fairs and asked “How do I become a medical writer?” Until now, I really did not have a good answer to that question (maybe because I do not know how I became a medical writer?). That said, a colleague of mine,
The mere mention of the word ‘vaccine” used to cause pharmaceutical executives to shudder and recoil with fear. Aside from Merck, GlaxoSmithKline and Sanofi-Aventis no other pharmaceutical companies wanted to touch vaccines with a “10-foot pole”. This was largely due to liabilities issues surrounding vaccine use and also because vaccines are less financially lucrative than therapeutic products. My, how things have changed in the past five years! 