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Fri 1 Oct, 2004 02:08 am
So whats up with vioxx? I work at Merck, the company that packages and distributes the tablet, but what happened to cause the pull? I work for the company through a temp angency so I didnt really get all the details and work nights so i missed the news... anyone want to let me in on the secret? I know heart attacks ahve something todo with it
As I understand it, clinical trials show it doubles risk of cardiovascular disease.
More:
I listened to an ABC radio report today.
Here is what I recall.
A few years ago, clinical trials with an active placebo showed this effect.
The drug company squawked that the placebo might be protective against heart disease - so trials were repeated with an inactive placebo. Same result.
The scary thing is that the doctor in charge of arthritis at the Royal Adelaide Hospital commented on radio at least two years ago that he no longer prescribed the drug.
This led many patients to contact their GPs with questions - the GPs in turn questioned their medication authority - and were told there was no problem with the drug.
Meanwhile, net-savvy patients were able to access the info that the drug was dangerous.
Now it is withdrawn.
What effect do we think the drug companies had in this scenario?????
ABC news report:
Merck plunged more than 27 per cent after the recall. (ABC)
US company recalls arthritis drug
US pharmaceutical giant Merck says it is withdrawing its arthritis and pain medication known as Vioxx from distribution around the world, after a study revealed an increased risk for strokes and heart attacks.
Almost a year after Australia's Adverse Drug Reaction Advisory Committee warned in its newsletter that Vioxx had been linked to heart attack, Merck said that data from the new clinical trial had confirmed the increased risk.
Vioxx has been marketed in more than 80 countries including Australia and produced sales of $3.5 billion in 2003 for the company.
Chairman of Merck, Raymond Gilmartin, says the company has informed the US Food and Drug Administration (FDA) and regulatory authorities in other countries of its decision.
"We believe it would have been possible to continue to market Vioxx with labelling that would incorporate this new data," he said.
"However, given the availability of alternative therapies and the questions raised by the date, we concluded that a voluntary withdrawal is the responsible course to take."
About two million people worldwide are currently taking Vioxx.
The increased risk of heart attack and stroke occurs about 18 months after patient's start taking the drug.
Thirty-billion dollars was wiped off the company's share market value when the withdrawal was announced and its stock price fell by 26 per cent.
and i work for these guys
not that its bad... but i sure dont feel like lossing a job
Er - don't they make anything else????
yea they do but vioxx is high in quanity know what i mean
Good luck with your job!!!
Jobs at Merck could suffer as a result of this withdrawal from the market. This is one of their big selling products. There has already been some heavy cutbacks at Merck this year, and this can only add to their existing problem.
Even more scrutiny will go on Pfizer's Celebrex, the other drug of that class, now (although I believe there's a newer version of Celebrex available in US, but only as an injection is Australia).
Pfizer assures us that the same trend is not seen with CBX, but.....