Categories

-

FRX - Forest Laboratories: Lexapro Maintains Market Share in Antidepressant Drug Market

April 30, 2007

We do not consider the reported loss for Q4 to be meaningful. This was expected; the charges relate to the acquisition of Cerexa. In January 2007, FRX acquired Cerexa for $494M in cash plus an additional $100M conditional payment. Putting the acquisition costs aside, FRX earned in Q4 FY2007 (ended March 2007) $0.74 per share. YOY revenue growth was spurred by the antidepressant Lexapro (+14%), Alzheimer’s therapy Namenda (+24%) and smaller contributor Benicar (+54%).

Though the all important Lexapro competes against 37+ other antidepressants, FRX maintained a cheery 13+% market share.

Pipeline

As with all pharmaceutical companies, pipeline considerations influence stock valuation. Forest Labs is not in the same financial league as Merck (MRK) and therefore tends to team up with others, usually non major league players.

Lexapro and Namenda go off patent in 2012.

Drugs Online - Buy Drugs Online at reasanoble prices.DrugOnline.cc provides confortable and easy way to order drugs online including drugs free shipping.

In the near term, FRX will most likely introduce in FY2008 Nibivolol (heart - beta blocker), licensed from Mylan Laboratories. In addition, phase III results are expected for Milnacipran (fibromyalgia), co-developed with Cypress Bioscience and Desmoteplase (ischemic stroke).

A bit further out is Faropenem, an enhanced antibiotic co-developed with Replidyne.

Further down the pipeline road are the three antibiotics under development at Cerexa. The most important (as of today) is Ceftaroline which is expected to enter phase III in FY2008.

EPS

Forest laboratories recently issued EPS guidance for FY2008 at $3.05 to $3.15 per share. There is no change to our FY2008 estimates at $3.15. CrossProfit EPS estimates include additional payment for Cerexa. Balance sheet remains strong with zero long term debt.

Posted by toshko under Anit Depressant News | Comments (0)

Forest Labs: Antidepressant Drug Lexapro Maintains Market Share

April 26, 2007

CrossProfit submits: We do not consider Forest Laboratories’ (FRX) reported loss for Q4 to be meaningful. This was expected; the charges relate to the acquisition of Cerexa. In January 2007, FRX acquired Cerexa for $494M in cash plus an additional $100M conditional payment. Putting the acquisition costs aside, FRX earned in Q4 FY2007 (ended March 2007) $0.74 per share. YOY revenue growth was spurred by the antidepressant Lexapro (+14%), Alzheimer’s therapy Namenda (+24%) and smaller contributor Benicar (+54%).

Though the all important Lexapro competes against 37+ other antidepressants, FRX maintained a cheery 13+% market share.

Pipeline

As with all pharmaceutical companies, pipeline considerations influence stock valuation. Forest Labs is not in the same financial league as Merck (MRK) and therefore tends to team up with others, usually non major league players.

Discount Pharmacy - Buy Pharmacy at discount prices including free shipping.Discount Pharmacy provides confortable and easy way to order discount pharmacy online.

Lexapro and Namenda go off patent in 2012.

In the near term, FRX will most likely introduce in FY2008 Nibivolol (heart - beta blocker), licensed from Mylan Laboratories. In addition, phase III results are expected for Milnacipran (fibromyalgia), co-developed with Cypress Bioscience and Desmoteplase (ischemic stroke).

A bit further out is Faropenem, an enhanced antibiotic co-developed with Replidyne.

Further down the pipeline road are the three antibiotics under development at Cerexa. The most important (as of today) is Ceftaroline which is expected to enter phase III in FY2008.

Forest laboratories recently issued EPS guidance for FY2008 at $3.05 to $3.15 per share. There is no change to our FY2008 estimates at $3.15. CrossProfit EPS estimates include additional payment for Cerexa. Balance sheet remains strong with zero long term debt.

Posted by toshko under Anit Depressant News | Comments (0)

Generic antidepressant needs review

April 24, 2007

I have taken Wellbutrin XL for two years, and it has taken care of my depression beautifully. In January, my insurance company switched me to the generic called Budeprion XL. After a few months of thinking I was losing my mind and that Wellbutrin just wasn’t working anymore, it finally dawned on me that I was no longer taking Wellbutrin. (I honestly hadn’t thought about the generic.)

More than a dozen people have contacted us about experiences that are strikingly similar to yours. Some of them reported nausea or dizziness as side effects of Budeprion XL; all of them said their symptoms of depression had returned.

We have no scientific evidence that there is a difference between the brand name and the generic. Nevertheless, so many reports convince us that there should be an investigation.

Drugs Online - Buy Drugs Online at reasanoble prices.DrugOnline.cc provides confortable and easy way to order drugs online including drugs free shipping.

I have been taking Ambien for about six months. It helps me sleep, but now I have heartburn. Can Ambien cause acid reflux? I hate to take Nexium to counteract indigestion that might be caused by Ambien.

Ambien (zolpidem) can cause indigestion or reflux. Here’s another reader’s experience: “Ambien gave me a great night’s sleep after years of wakefulness. The cost was disabling digestive problems: bloating, pain and acid reflux. After a year of pain, more than $20,000 in uncomfortable testing and drugs for reflux, I took myself off Ambien. Two doctors had insisted that my digestive woes were not related to Ambien, but after three nights of sleeplessness, the digestive problems went away.”

Posted by toshko under Anit Depressant News | Comments (0)

Antidepressant Benefits Outweigh Risks for Children, Teens

April 18, 2007

A review of previous studies indicates that the benefits of antidepressants for children and teens with depression or anxiety disorders may outweigh their risks, and that the increased risk for suicidal thoughts and attempts is not statistically significant for depressed children and adolescents.

Chicago, IL - infoZine - Previous research has indicated that the usage of antidepressants among children and adolescents is associated with an increased risk for suicidal behavior and thoughts, and resulted in the issuing of mandated label warnings on pediatric antidepressant medications by the FDA, according to an article in the April 18 issue of JAMA.

Jeffrey A. Bridge, Ph.D., of The Ohio State University, Columbus, and colleagues conducted a review and meta-analysis of randomized controlled trials involving the pediatric usage of antidepressants for major depressive disorder (MDD), obsessive-compulsive disorder (OCD), and non-OCD anxiety disorders, and included recent trials that had not been incorporated into previous analyses, to assess their benefits and effect on risk of suicidal thoughts and attempts. The researchers conducted a search for studies through 2006 and identified and included 27 pediatric trials for their analysis:

Discount Pharmacy - Buy Pharmacy at discount prices including free shipping.Discount Pharmacy provides confortable and easy way to order discount pharmacy online.

The researchers found: “Consistent with the analyses of the FDA, we found evidence of an overall small but increased risk of treatment-emergent suicidal ideation/suicide attempt. However, the pooled random-effects risk differences of suicidal ideation/suicide attempt for each indication were all less than 1 percent. There were no completed suicides in these trials.”

“This meta-analysis of all available randomized clinical trials of antidepressant treatment of pediatric MDD, OCD, and non-OCD anxiety disorders shows evidence of efficacy for all three indications, although the effects were strongest for non-OCD anxiety disorders, intermediate for OCD, and more modest in MDD,” the authors write. Adolescents appeared to respond better than children to antidepressants in trials of both depression and anxiety.

“Some may argue that any risk of suicidal ideation/suicide attempt cannot possibly justify treatment with antidepressants for children and adolescents. Instead, we believe that the strength of evidence presented here supports the cautious and well-monitored use of antidepressant medications as one of the first-line treatment options, with the recognition that efficacy appears greatest for non-OCD anxiety disorders, intermediate for OCD, and more modest for MDD. Since the choice of treatment should be the result of a collaborative discussion between clinician, family, and patient, the information presented in this report should allow for an informed evaluation of the potential benefits and risks of these medications vs. no treatment and provide a framework for their comparison with nondrug treatments as well,” the researchers conclude.

Posted by toshko under Anit Depressant News | Comments (0)

Lilly enters pet medication market with new drug

April 17, 2007

Eli Lilly and Co., which built its reputation on insulin and blockbuster drugs like Zyprexa, launched its first prescription medicine Friday for pets.

The company will market Reconcile, a beef-flavored chewable tablet that helps treat dogs for separation anxiety, in the United States.

The medicine is supposed to be used in combination with behavior management training to help dogs that have difficulty being separated from their owner or family members.

“It basically calms the dog and makes it more receptive to the training that’s supposed to go along with it,” said Steve Connell, a Lilly veterinarian.

Drugs Online - Buy Drugs Online at reasanoble prices.DrugOnline.cc provides confortable and easy way to order drugs online including drugs free shipping.

Lilly estimates that more than 10 million dogs suffer from some form of separation anxiety. Some may whine or bark. Others chew up or destroy things when left alone.

“A lot of people who have this problem with their pets will come home to a trashed house,” Lilly spokesman Joan Todd said.

Dogs are pack animals, and they sometimes develop a deep attachment to humans, who essentially become part of their pack, Connell said. That makes them anxious when the humans leave.

Todd declined to discuss revenue projections or pricing for the drug. She said the cost will vary widely based on dosage and what veterinarians charge.

Reconcile, which uses the same compound as the human antidepressant Prozac, has one competitor on the market. Novartis AG makes Clomicalm.

Lilly also operates Elanco Animal Health, a subsidiary that develops products for cattle and swine.

Posted by toshko under Anit Depressant News | Comments (0)

CeNeRx BioPharma Initiates Human Trials of RIMA Antidepressant

April 12, 2007

RESEARCH TRIANGLE PARK, N.C., Jan. 30 /PRNewswire/ — CeNeRx BioPharma, Inc., a clinical stage company developing and commercializing innovative treatments for diseases of the central nervous system, today announced the initiation of human clinical trials of Tyrima(TM), CeNeRx’s new drug candidate with a triple mechanism of action for the treatment of depression and anxiety. Tyrima (formerly CX157) is a member of a novel class of drugs known as reversible inhibitors of monoamine oxidase A, or RIMA. The Phase I safety trials began this month following a successful review of the Investigational New Drug (IND) application for Tyrima by the U.S. Food and Drug Administration.

“Initiation of human trials for Tyrima is an important milestone for CeNeRx, marking our transition to a clinical stage company,” said Barry Brand, chief executive officer of CeNeRx. “Our third generation RIMA series of antidepressant compounds combine a known and effective triple action mechanism that is novel to the U.S., along with an improved safety profile that has been demonstrated in pre-clinical studies. The fact that a first generation RIMA antidepressant is already marketed in Europe significantly decreases the clinical risk associated with this approach, and we look forward to rapidly advancing Tyrima to Phase II trials after successful completion of these initial safety studies.”

RIMA antidepressants elevate the levels of three key neurotransmitters that affect mood and anxiety (serotonin, norepinephrine and dopamine), in contrast to the leading antidepressants available today that affect the single neurotransmitter serotonin. This triple mechanism has the potential for enhanced efficacy and an improved therapeutic index compared to current therapies. Tyrima could be the first RIMA antidepressant available in the U.S. market, and it has patent protection through 2026. CeNeRx has worldwide rights to develop and commercialize Tyrima.

Alan Schatzberg, M.D., Kenneth T. Norris, Jr. professor and chairman, Department of Psychiatry and Behavioral Sciences at the Stanford University School of Medicine and a member of the CeNeRx scientific advisory board, noted, “Unlike other inhibitors of monoamine oxidase (MAOI), CeNeRx’s RIMA agent Tyrima acts selectively and reversibly, thereby significantly reducing the cardiovascular risks historically associated with the MAOI approach. Tyrima therefore has the potential to be the first safe and well-tolerated oral antidepressant that works on all three key neurotransmitters known to play a role in mood disorders, offering the 30% of patients who currently do not receive adequate relief of their symptoms a safe option with the potential for enhanced efficacy.”

The National Institute of Mental Health reports that major depressive disorders affect approximately 14.8 million American adults in a given year, or about 6.7 percent of the U.S. population aged 18 and older. Currently, major depressive disorder is the leading cause of disability in the U.S. for individuals aged 15-44. Many patients do not respond satisfactorily to current therapies, reinforcing the need for a range of safe and effective treatments.

Posted by toshko under Anit Depressant News | Comments (0)

Catapres® for Treatment of Hot Flashes in Breast Cancer Patients

April 10, 2007

According to an article published in the Annals of Oncology, the antidepressive agent Effexor® (venlafaxine) is more effective than Catapres® (clonidine) for the treatment of hot flashes in women with breast cancer.

Breast cancer is diagnosed in approximately 200,000 women annually in the United States. Hot flashes, which can be a prominent problem in women with a history of breast cancer, may be caused by treatment for their disease. Given concerns regarding use of hormonal therapies in such patients, there is a need for non-hormonal methods for treating hot flashes. Such approaches include the drugs Paxil® (paroxeine hci), Prozac® (fluoxetine), and Zoloft® (sertraline). These drugs are primarily used to treat depression.

Researchers from Germany recently conducted a clinical trial to compare Effexor and Catapres in 64 women with breast cancer. The participants, who suffered from hot flashes at least twice daily, received either Effexor or Catapres in an attempt to reduce hot flashes.

Drugs Online - Buy Drugs Online at reasanoble prices.DrugOnline.cc provides confortable and easy way to order drugs online including drugs free shipping.

Hot flashes were reduced by nearly eight episodes per day in patients treated with Effexor and by nearly five episodes per day in patients treated with Catapres.

The researchers concluded that the antidepressive agent Effexor significantly reduces the frequency of hot flahes compared with Catapres among patients with breast cancer who suffer from at least two hot-flash episodes daily. However, the search continues for the optimal treatment of women who experience hot flashes as a side effect of breast cancer treatment. There now appear to be a growing number of drugs that are reasonably effective at reducing hot flashes among these patients.

Women diagnosed with breast cancer who are suffering from hot flashes may wish to speak with their physician regarding their individual risks and benefits of treatment with antidepressive agents.

Posted by toshko under Anit Depressant News | Comments (0)

AG Miller: Purchasers of Antidepressant Drug “Remeron” Receiving Cash Recovery Payments

April 5, 2007

Des Moines. The Iowa Attorney General’s Office said today that 459 Iowans are among thousands of consumers in all 50 states who are now receiving a cash recovery payment based on their out-of-pocket expenses for purchasing the prescription antidepressant drug “Remeron” and its generic equivalent, “Mirtazapine” between 2001 and 2005.

The Iowans are receiving a total of $78,033.25, or an average of about $170 each. Checks were mailed this week and likely are arriving now. The cash recovery program is a result of a nationwide settlement with drug maker Organon USA Inc. and its parent company, Akzo Nobel N.V., for improperly monopolizing the U.S. market for the drugs. Consumers filed claims in 2005.

Discount Pharmacy - Buy Pharmacy at discount prices including free shipping.Discount Pharmacy provides confortable and easy way to order discount pharmacy online.

“The states alleged the defendants abused the regulatory scheme to stifle competition and prevent consumers from having access to low-cost, generic equivalents of the drug,” Attorney General Tom Miller said.

The multi-state lawsuit alleged that Organon unlawfully extended its monopoly by improperly listing a new “combination therapy” patent with the U.S. Food and Drug Administration. The complaint also alleged that Organon delayed listing the patent with the FDA in another effort to delay the availability of lower-cost generic substitutes. This resulted in higher prices for the drug. At its peak, Remeron was Organon’s top-selling drug, with annual sales in excess of $400 million. (The safety or effectiveness of Remeron was not an issue.)

Posted by toshko under Anit Depressant News | Comments (0)

Depression meds don’t help bipolar patients

April 3, 2007

Antidepressants, which are widely prescribed with mood stabilizers to treat patients with bipolar disorder, do not work in relieving the depressive symptoms of the illness, a large federal study reported Wednesday.

The study in the New England Journal of Medicine narrows the already limited number of treatments for bipolar disorder, which affects 5.7 million adults in the U.S., experts said.

‘’A new generation of drugs is needed,'’ said Dr. Thomas R. Insel, director of the National Institute of Mental Health. ‘’It is clear from this data that antidepressants are not the answer.'’

Still, some doctors said antidepressants would continue to have a role because there are so few options, and the drugs seem to alleviate other distressing symptoms that often accompany the disorder.

‘’Many people we see are refractory to a mood stabilizer alone and adding an antidepressant markedly improves them,'’ said Dr. Lori Altshuler, professor of psychiatry at the University of California, Los Angeles, who was not involved in the study.

But Altshuler, who has consulted for companies that market drugs for psychological disorders, said the study clearly demonstrated that patients should first try a mood stabilizer, which can also have antidepressant effects.

People with bipolar disorder experience severe mood swings between depression and mania, a state marked by an excess of energy and restlessness. Symptoms of the disorder can interfere with daily activities, and severe cases carry a risk of suicide.

Standard treatment consists of mood stabilizers such as lithium, valproate and carbamazepine. Antidepressants are often added to control severe depressive swings, despite concerns the drugs might trigger a switch to a manic episode.

Researchers estimated that 50 percent to 70 percent of people with bipolar disorder take antidepressants, although the Food and Drug Administration has approved none of the drugs as a treatment for the disorder.

The study, part of the NIMH’s $27 million Systematic Treatment Enhancement Program for Bipolar Disorder, or STEP-BD, set out to determine whether common antidepressants Wellbutrin and Paxil would enhance the benefits of mood-stabilizer drugs. The study was also designed to find out if the antidepressants would trigger mania.

Previous studies had provided mixed results on their effectiveness. Wellbutrin and Paxil were chosen for the study because earlier studies indicated they were less likely to trigger mania than other antidepressants.

In the study, 366 patients at 22 academic centers in the U.S. were randomly assigned to receive one of the two antidepressants or a placebo pill for 26 weeks, in addition to their mood-stabilizers. Patients also received psychological and social therapy.

Drugs Online - Buy Drugs Online at reasanoble prices.DrugOnline.cc provides confortable and easy way to order drugs online including

The study, designed to mimic real-world conditions, differed from a typical clinical trial in that many patients had complicating disorders, including anxiety, substance abuse or psychosis.

Of the 179 participants who received an antidepressant in addition to a mood stabilizer, 23.5 percent achieved a durable recovery, defined as an eight-week period marked by no more than two depressive or two manic symptoms. In the placebo group, 27.3 percent of patients achieved a durable recovery.

The difference between the groups was not statistically significant, researchers said.

The criteria of durable recovery was stricter than other trials, which used rating systems to measure overall improvements in patients’ moods.

Researchers reported there was no sign that Wellbutrin or Paxil could trigger a manic episode. They said 10.1 percent of patients on antidepressants and 10.7 percent of those on placebo exhibited manic symptoms.

Lead author Dr. Gary Sachs, director of the bipolar clinic at Massachusetts General Hospital, said the study should guide the way new patients were treated, but there was no need for patients doing well on antidepressants to quit taking them.

But in an editorial accompanying the report, Dr. Robert H. Belmaker of Ben Gurion University in Beersheva, Israel, said the study would not settle debates about the safety and efficacy of antidepressants in treatment of bipolar disorder.

Patients who became manic in response to antidepressants in the past would not have enrolled in the trial, he said, casting doubt on whether the drugs are safe for all bipolar patients.

Belmaker noted that two European reviews of published studies found antidepressants to be highly effective and that in his practice he prescribes antidepressants to patients with severe depression but mild mania.

He said bipolar disorder is a heterogenous disorder that shows variability in symptoms, which argues for flexibility in treatment.

Posted by toshko under Anit Depressant News | Comments (0)