News for July, 2010

Dark cloud hangs over Avandia despite FDA vote to keep it on market

fda logo 100x100After two days of deliberation, a Food and Drug Administration (FDA) advisory panel voted Wednesday to keep the Avandia on the market despite studies that suggest the medication puts people at greater risk of heart attacks and strokes. The decision was hardly decisive. Among five possible recommendations, the option to withdraw from the market received the most votes, however a majority voted to keep it on the market in some form. Thus the drug will still be available.

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GSK to pay $460 million to settle Avandia lawsuits

us money photo 100x100While an expert panel in the U.S. reviews evidence to decide whether to pull the popular Avandia off the market due to an increased risk of cardiovascular events, BusinessWeek reports that the drug’s maker, (GSK), has agreed to pay about $460 million to settle lawsuits alleging the company hid evidence that increased the risk of heart attacks and strokes. GSK faces more than 13,000 lawsuits and has agreed to settle about 10,000 of them. was to face its first trial in federal court in October. BusinessWeek reports that the FDA review helped prompt the company’s decision to settle the suits.

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FDA panel to decide fate of diabetes drug Avandia

avandiabottle 100x100The fate of the Avandia will likely be decided soon by an expert panel that has spent the past two days reviewing evidence that linked the drug to serious cardiovascular events and whether its developer and manufacturer, (GSK), influenced the results of a study asserting the safety of .

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