Monday, December 27, 2004
Vioxx, Celebrex and Aleve: Ills of a too-free market?
Saturday, December 25, 2004
FDA urges limits on Celebrex, Bextra
Study halted due to increased heart attacks, strokes in those taking naproxen (Aleve)
US regulator calls for limits on use of Celebrex, Bextra
Wednesday, December 22, 2004
Health Canada issues safety information on Vioxx, Celebrex, Bextra & Mobicox
EMEA Statement On Valdecoxib (Bextra/Valdyn) & Parecoxib Sodium (Dynastat/Rayzon)
Monday, December 20, 2004
Pfizer Suspends Celebrex Advertising
Merck's shares slide in wake of news report on Vioxx
World of Pain for a Class of Drugs
CBS News | Pfizer: Celebrex Poses Heart Risk
A Brief History of Celebrex and Bextra
Tuesday, December 14, 2004
Germans restrict COX-2 inhibitor use
Essay: We Love Them. We Hate Them. We Take Them.
Merck to Cut About 5,100 Jobs by Year's End
Friday, December 10, 2004
Ex-judge says Vioxx probe won't hide facts
[Martin currently works for a defense law firm. And . . .]
"Many lawyers at the firm will help him review documents and interview workers at Merck, based in Whitehouse Station, N.J., he said." [Salt Lake Tribune]
Cummings company revealed Vioxx problems to the nation
Wednesday, December 08, 2004
Merck sets up new Vioxx review
. . .
"Merck has appointed William Bowen, chair of the firm's corporate governance committee, to chair the special committee. " [Guradian UK - Emphasis added]
Merck Slashes Its 2005 Estimates on Vioxx
Monday, December 06, 2004
Cramer: What's going on? Merck execs do not deserve big pay packages
Questions loom over Merck’s severance plan
Lipitor - Vioxx: Discovering The Statin - Painkiller Chain Reaction - Health Supreme
With or Without Vioxx, Drug Ads Proliferate
Friday, December 03, 2004
Corporate arrogance still rules, despite recent scandals - 12/01/04
"It would make any self-respecting executive a little sick because it's another exception that confirms the stereotype.
"Here's a company whose shares have tanked 38 percent since it pulled its Vioxx arthritis drug from the market Sept. 30 because of links to heart problems. Yet, in the name of 'retention,' Merck is giving 230 executives rights to one-time payouts equal to as much as three times their annual salary and bonus should Merck be acquired." [The Detroit News - Opinion]
UN pricks pharma's conscience
Study finds risk with Pfizer drug
Tuesday, November 30, 2004
What Next? Former Vioxx users have several options
Merck Demands Specific Proof in Vioxx Suits, Court Records Show
Monday, November 29, 2004
Merck to Award Hefty Severance in Event of Merger
FDA Interfered With Vioxx Article Publication
You Want A Moral Issue? How About Drugs That Don’t Kill?
Merck execs protected in case of takeover
Tuesday, November 23, 2004
Big pharma haunted by the spectre of Pinto
"Is the same thing happening in pharmaceuticals? " [The Independant]
Fool.com: 5 Drugs to Worry About?
Lessons From The Vioxx Fiasco
Monday, November 22, 2004
NPR : Drugs' Safety Questioned in Hearing on FDA
VIOXX HEARINGS: GET A TASTE OF YOUR OWN MEDICINE
"But officials at Merck had suspected as much for at least four years." [The Southern Illinoisan - Editorial]
Merck steps up PR campaign after recall
"But public relations experts are calling the campaign predictable and said it lacks a crucial element necessary to bolster Merck's claims that it acted responsibly and timely in removing Vioxx from the market: Parties with no self interest or financial ties to the company coming to its defense." [Seattle Post-Intelligencer - AP]
Friday, November 19, 2004
Betterhumans > Heart Finding Raises More COX-2 Concerns
"The finding raises even more concerns about the use of COX-2 inhibitors such as Vioxx (which was recently pulled from the market) in premenopausal women." [Betterhumans.com]
Study Suggests How COX Drugs Cause Heart Disease
"The drugs, known as COX-2 inhibitors, include Merck and Co.'s Vioxx, which earned the company $2.55 billion a year but was pulled off the market on Sept. 30 after a study showed it doubled the risk of heart attack and stroke." [Reuters]
The Murky History of Merck's Vioxx
"Here are some key dates in the Vioxx saga . . ." [TheStreet.com]
Early Vioxx Alarms Alleged
Wednesday, November 17, 2004
Forbes.com: Say No To (Prescription) Drugs
Merck Strikes Back: Episode II
"The company plans to produce internal documents and e-mails to rebut allegations it tried to protect annual sales of $2.5 billion with a five-year campaign of deceitful science and marketing." [Forbes.com]
Monday, November 15, 2004
Gilmartin Strikes Back
. . .
"Dr. Eric Topol, the Cleveland Clinic's chairman of cardiovascular medicine, told the CBS news program ``60 Minutes'' last night that data from a 1998 Merck clinical trial called ``Study 090'' found that serious cardiovascular events occurred about six times more often in patients taking Vioxx than in those taking other arthritis drugs or a placebo. The study was never published, Topol said.
"The combination of 'Study 090' with a larger trial, known as Vigor, performed a year later should have raised alarms at Merck in 2000, Topol told the show." [Bloomberg]
Sunday, November 14, 2004
HoustonChronicle.com - Vioxx maker nixed heart study, report says
ADVERTISEMENT
"Just two months after results from a clinical trial suggested that the popular anti-arthritis drug might cause a higher risk of heart attacks, company scientists questioned whether a focused trial was possible, the Times reported." [Houston Chronicle]
Reuters AlertNet - Merck knew Vioxx was unsafe by 2000 - report
Saturday, November 13, 2004
"Ethical Bottom Feeder"
NPR : Merck Faces Proliferating Lawsuits over Vioxx
Friday, November 12, 2004
Merck Runs Full Page Ads in WSJ & NYT
MSNBC - CEO defends Merck on Vioxx heart dangers
Gilmartin: 'We basically approached, you know, in terms of a rigorous scientific debate, in terms of wanting all the information out there in a balanced way.'
Bazell: 'You sued a doctor in Spain for suggesting a cardiovascular problem with Vioxx.'
Gilmartin: 'Well, the people in Spain felt strongly that the data with Vioxx was not being presented in a balanced way.'
Bazell: 'And in hindsight they were correct, right?'" [MSNBC]
You know it's a bad day when...
The Vioxx Board - Questions, Answers, and Discussion About Vioxx
Our firm is proud to sponsor the first "Vioxx-specific" BBS. The purpose of the Vioxx Board is to provide a place where former Vioxx users, attorneys, doctors, and members of the press can share information about the Vioxx recall and Vioxx litigation.
Thursday, November 11, 2004
"Ethics is all about behavior"
'Ethics is all about behavior,' Gilmartin said. 'It's not about what people say about you . . . What matters at the end of the day is what you did.'
"Not everyone agrees that Merck has acted ethically." [Detroit Free Press]
Wednesday, November 10, 2004
Opinion: Vioxx: A case against tort reform
"Though Merck pulled the drug from the market Sept. 30 when a study indicated increased risk of heart attack and stroke among users, evidence surfaced recently that the drugmakers may have - or at least should have - known for years that Vioxx produced such elevated hazards. Both the Justice Department and the Securities and Exchange Commission have opened investigations." [St. Petersburg Times - Editorial]
Tuesday, November 09, 2004
Minimizing the Mess at Merck
Merck Loses AAA Rating
. . .
"The downgrade came as 300 lawyers at a conference today in Pasadena, California, discussed litigation strategies for hundreds of lawsuits filed against Merck over Vioxx. The company disclosed yesterday that the U.S. Justice Department demanded Vioxx-related documents in a criminal probe. Merck's liability in Vioxx suits may reach $4 billion to $18 billion, Merrill Lynch estimated last week." [Bloomberg.com]
Monday, November 08, 2004
Drug Ads -- Without Harmful Side Effects
"Despite the renewed criticism of DTC advertising as a result of the Vioxx fiasco, the industry has done little self-reflection so far. Instead, Pfizer (PFE ), which makes Vioxx competitor Celebrex, has boosted its spending to fill the void. And pharmaceutical analysts expect advertising for blockbuster drugs to continue unfettered. 'I don't buy the idea that the ads educate,' Avorn says. 'What they do is educate patients to demand more.' " [Business Week]
MERCK & CO. INC. (Quarterly Report - SEC Filing)
"The Company currently anticipates that one or more of the Vioxx Personal Injury Lawsuits may go to trial in the first half of 2005. The Company cannot predict the timing of any trials with respect to the Vioxx Shareholder Lawsuits. The Company believes that it has meritorious defenses to the Vioxx Lawsuits and will vigorously defend against them. In view of the inherent difficulty of predicting the outcome of litigation, particularly where there are many claimants and the claimants seek indeterminate damages, the Company is unable to predict the outcome of these matters, and at this time cannot reasonably estimate the possible loss or range of loss with respect to the Vioxx Lawsuits. The Company has not established any reserves for any potential liability relating to the Vioxx Lawsuits. A series of highly unfavorable outcomes could have a material adverse effect on the Company’s financial position, liquidity and results of operations." [Emphasis Added]
Criminal Probe?
Editorial: Vioxx and veracity
"Calculating corporation, well aware that its product is harmful, even fatally so, sells it anyway. Along the way to billions of dollars in profits, the company coaches its workers to deflect questions about safety. And it intimidates, then threatens, anyone who dares question it. Meanwhile, the government hides in the shadows." [TheJournalNews.com - Editorial]
Sunday, November 07, 2004
Crisis Management - Crisis Public Relations
In an interesting article, a public relations consultant talks about what Merck SHOULD DO in the Vioxx case.
Merck v. The Lancet
Vioxx's Fall No Surprise to Some Doctors
. . . And with so much money at stake?
Saturday, November 06, 2004
Vioxx suits could be bitter pill for Merck
. . .
Some doctors had complaints about Merck, saying the company tried to squelch negative opinions on Vioxx's safety and play down the drug's risks. [St. Louis Today]
Friday, November 05, 2004
The Five Dumbest Things on Wall Street This Week
"'Past experience of other companies,' said Merck, 'suggests that documents will be presented out of context. ... As such, the documents, the surrounding events and the business practices of Merck may well be misinterpreted in any reporting.'
Commentators did not see this as a good move.
"On Monday, The Wall Street Journal wrote a 3,500-word story based on the documents -- a detailed article that, rather than simply presenting documents out of context -- used additional reporting to persuasively portray a Merck that fought vigorously to stamp out any suggestion that Vioxx could be linked to heart problems.
Shares fell $4.51, or 14%, over the next two days. [TheStreet.com]
Thursday, November 04, 2004
Guardian Unlimited | The Guardian | Drug giant 'ignored Vioxx heart risk'
According to the Guardian article, their findings indicate that rofecoxib should have been withdrawn several years earlier.
They also found that patients are at risk after only a few months, contrary to Merck's statement that problems only occur after 18 months on the drug, and that the risk does not depend on the dose of the drug taken. [The Guardian UK]
FDA Indicates Vioxx Might Have Contributed to About 27K Heart Attacks, Deaths
Here's a link to that FDA memo.
That is not going win them any points with a jury...
"Merck general counsel Kenneth C. Frazier said heart attacks happen frequently in the general population and there are numerous factors, including obesity and age, that increase the risk.
'These cases are not a slam dunk,' said Frazier. He said when all the facts are before a judge it will be clear that 'Merck acted responsibly every step of the way.'
'It would be pretty callous of Merck to say these are old people and they were going to get heart attacks and strokes anyway. That is not going win them any points with a jury,' said [a partner with a firm], which has filed two cases against Merck and is preparing another 38." [Washington Post]
Wednesday, November 03, 2004
Corante > In the Pipeline > Let's See What the Sharks Think of These Steaks!
RangelMD.com (Merck Pulls Vioxx from Market)
Yahoo! News - Report: Merck Tried to Bury Vioxx Concerns for Years
Tuesday, November 02, 2004
Easy on the Stomach, but at What Price?
S&P: Merck on Watch for Debt Downgrade
NPR : Report Finds Merck Hid Vioxx Concerns
Click on the above link to hear the audio report.
FDA Concluded there were "Increased Risks" back in 2001.
See page 34 of Dr. Shari L. Targum's memo (linked above).
Monday, November 01, 2004
A Product Liability Nightmare
Friday, October 29, 2004
Forbes.com: Merck's Legal Nightmare
MSNBC - FDA accused of silencing Vioxx warnings
Times Online - Industry sectors
"SEVEN directors on the board of Merck received $85,000 in shares on the day that the drugs maker shocked Wall Street with news that it would withdraw Vioxx, The Times has learnt." [The Times Online]
Forbes.com: Merck's FDA Delay, Pfizer's Problem
"NEW YORK - In a capstone to the withdrawal of Vioxx, the U.S. Food and Drug Administration has decided to delay the approval of successor drug Arcoxia until more safety data are available. But the news may not be as much a problem for Arcoxia's maker, Merck, as for rival Pfizer." [Forbes]
All painkillers similar to Vioxx under scrutiny
In its first meeting held on October 11, the National Pharmacovigilance Advisory Committee had, apart from banning Vioxx, cautioned against the use of other drugs in the same class and said ‘‘their use in patients with coronary heart disease/cardiovascular disease be stopped by appropriate labeling changes’’. The related drugs are celecoxib, parecoxib, valdecoxib.
Sunday, October 24, 2004
Friday, October 22, 2004
FDA Public Health Advisory: Safety of Vioxx
Sept. 30, 2004 - Merck & Co., Inc. today announced a voluntary withdrawal of Vioxx from the U.S. market due to safety concerns. Vioxx is a prescription COX-2 selective, non-steroidal anti-inflammatory drug (NSAID) that was approved by FDA in May 1999 for the relief of the signs and symptoms of osteoarthritis, for the management of acute pain in adults, and for the treatment of menstrual symptoms. . . .
. . . Patients who are currently taking Vioxx should contact their physician for guidance regarding discontinuation and alternative therapies.
Thursday, October 21, 2004
Failing the Public Health — Rofecoxib, Merck, and the FDA
"Neither of the two major forces in this five-and-a-half-year affair — neither Merck nor the FDA — fulfilled its responsibilities to the public. The pivotal trial for rofecoxib involved 8076 patients with rheumatoid arthritis and demonstrated that this coxib had lower gastrointestinal toxicity than naproxen"
New England Journal of Medicine, October 21, 2004
Friday, October 15, 2004
The FDA announcement is not surprising.
The FDA announcement is not surprising. In Merck's Vioxx Gastrointestinal Outcomes Research report published in the New England Journal of Medicine (November 23, 2000), Merck compared the effectiveness of Vioxx (rofecoxib) to naproxen. The study shows a statistically significant increase in heart attacks in the rofecoxib group (0.5 percent) compared to the naproxen group (0.1 percent). There were 20 heart attacks suffered by 4,047 Vioxx patients and 4 heart attacks in 4,029 naproxen patients. While the absolute numbers are low, this is a five-fold increase that statistically is highly significant and merited further studies. In addition the study reported increased problems with blood clotting that results in strokes and leg clots.
The drug has been on the market around the world since about 1999 and has been prescribed millions of times...More info here: http://www.alexanderlaw.com/vioxx/
Wednesday, October 06, 2004
FDA STUDY ESTIMATES VIOXX LINKED TO 27,000 HEART ATTACKS.
A study led by a Food and Drug Administration safety official projects that the widespread use of Vioxx may have led to more than 27,000 heart attacks and sudden cardiac deaths before the drug's abrupt withdrawal last week by Merck & Co. (MRK), according to an October 6, 2004 Wall Street Journal report.
CNN Money, October 6, 2004.
Saturday, October 02, 2004
MERCK'S CONFLICT OF INTEREST.
New York Times, October 2, 2004.
Thursday, September 30, 2004
Vioxx Recall
FDA Issues Public Health Advisory on Vioxx as its Manufacturer Voluntarily Withdraws the Product
(Reprinted from http://www.fda.gov/bbs/topics/news/2004/NEW01122.html)
FDA News
| FOR IMMEDIATE RELEASE
| Media Inquiries: 301-827-6242
|
The Food and Drug Administration (FDA) today acknowledged the voluntary withdrawal from the market of Vioxx (chemical name rofecoxib), a non-steroidal anti-inflammatory drug (NSAID) manufactured by Merck & Co. FDA today also issued a Public Health Advisory to inform patients of this action and to advise them to consult with a physician about alternative medications.
Merck is withdrawing Vioxx from the market after the data safety monitoring board overseeing a long-term study of the drug recommended that the study be halted because of an increased risk of serious cardiovascular events, including heart attacks and strokes, among study patients taking Vioxx compared to patients receiving placebo. The study was being done in patients at risk of developing recurrent colon polyps.
[. . .]Additional information about this withdrawal of Vioxx, as well as questions and answers for patients, is available online at http://www.fda.gov/cder/drug/infopage/vioxx/default.htm.