The Deal
Sunday, November 8, 
7:48 am

Beltway Health

  Share     E-Mail    Discussion    Print Story

As expected, Merck & Co, Inc. said today the Food and Drug Administration has blocked its pain killer Arcoxia from commercial release. That's "cox" as in "COX-2 inhibitor," the same class of pain killer as Vioxx, Merck's blockbuster that went bust in a big way and is the subject of lawsuits across the country. COX-2s were considered a breakthrough for patients whose stomachs couldn't handle anti-inflammatory pain killers until they showed a greater risk of causing heart attack. The rejection was given after an agency advisory panel voted 20-1 against Arcoxia two weeks ago, but it still highlights the question: Is the F.D.A. too risk-averse? That's what the drug industry claims. The latest salvo to give patients more risk choice comes from Biogen Idec CEO Jim Mullen who penned an op-ed in today's Wall Street Journal (subscription required). Mullen also urges Congress to move slowly on biogenerics. No surprise, given his company has no generic competition until Congress creates a biogeneric approval framework. There are scientific reasons to go slowly, too, and the debate should prove one the industry's most intense in coming months. Add to those two issues the hornet's nest of direct price negotiation for Medicare (so far Republicans in the Senate have blocked Democratic efforts), and health care should be one of the hottest buttons in the lead-up to the 2008 elections.—Alex Lash

Continue reading below

Also on Dealscape





Post a comment




The Deal Pipeline

Deal Video


Inside The Deal: Linklaters' Schmidt says how regulators handled Pfizer Inc.'s acquisition of Wyeth is an outlier of how others merger reviews will be conducted.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Dealing with frozen bank lending

If your bank is not willing to lend, what can you do as your company continues to seek growth?


Judgment Call

The coming age of the renminbi

The Chinese currency will play an increasingly important role in international commerce and finance.


Industry Insight

Banking on PE investments

Howls of protest greeted the FDIC policy statement, but the financial services industry should get over it.



©Copyright 2008, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.