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Drugmaker wants approval for schizophrenia drug for teens
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Bristol-Myers Squibb Co., which has about 7,700 workers in New Jersey, asked U.S. regulators for permission to sell its antipsychotic drug Abilify to treat schizophrenia in adolescents.
The U.S. Food and Drug Administration will consider whether the pill, cleared for adult use in 2002, can safely treat patients ages 13 to 17, the company said today in a statement. The FDA typically reviews pediatric medicines within six months.
No drugs are approved in the U.S. to treat schizophrenia in teens, although doctors often prescribe them to patients in that age group. Eli Lilly & Co. and Johnson & Johnson have also asked the FDA to clear drugs for use in teenagers. Sales of Abilify surged 41 percent last year, the biggest increase among antipsychotics, helped by studies showing it caused less weight gain than competing drugs.
"I would expect Abilify to gain the most prescriptions from an approval for adolescent use because younger patients appear to be more susceptible to weight gain than adults,'' said Jeffrey Lieberman, chairman of psychiatry at Columbia University in New York.
Drugmakers sold more than $15 billion in antipsychotic medicines last year, according to data compiled by Bloomberg.
About 15 percent of sales came from doctors writing so-called off-label prescriptions for unapproved uses such as treatment of teens, analysts say.
"There's no gold standard for treating schizophrenia in teens, and the first company to get FDA approval for this will have an edge in this very crowded market,'' said Les Funtleyder, an analyst at Miller Tabak & Co. in New York, in a telephone interview.
The shares of Bristol-Myers, based in New York, fell 18 cents to $30.26 at 9:49 a.m. in New York Stock Exchange composite trading. The stock has climbed 16 percent this year.
Johnson & Johnson, of New Brunswick, said the FDA may decide as early as
this month whether its antipsychotic Risperdal can be used for schizophrenia and bipolar disorder in adolescents. FDA action on Indianapolis-based Lilly's antipsychotic Zyprexa was slowed in April, when the agency requested more time to review that pill for the same two conditions.
Abilify had sales of $1.3 billion last year. Sales of Zyprexa grew 3.8 percent to $4.4 billion last year. J&J's Risperdal generated $4.2 billion, an 18 percent increase.
Use of the newer antipsychotics in younger patients has risen sharply in recent years, prompting concern among doctors and parents because the drugs aren't approved for children and can cause weight gain and diabetes.
Do not use this drug. It kills.
Posted by: elliel on Tue Jun 05, 2007 11:18 am
Eli Lilly makes billions on diabetes treatment and also gets $4.2 billion a year in sales of their biggest cash cow Zyprexa which has been scandalized as *causing* diabetes as a major side effect.
In 2004, the American Diabetes Association found that Zyprexa was more likely to cause diabetes than many other antipsychotic drugs.
Zyprexa off label promotion scandal is all over the news now.
Lilly drug reps are alleged to have called their marketing ploy,"Viva zyprexa".
Zyprexa which is only FDA approved for schizophrenia (.5-1% of pop) and some bipolar (2% pop) and then an even smaller percentage of theses two groups.
There are now 8 states (and counting) going after Lilly for fraud and restitution.
--
Daniel Haszard http://www.zyprexa-victims.com
Posted by: DannyHaszard on Tue Jun 05, 2007 11:13 am