The FDA has provided a new warning and a new indication for Celebrex, the only remaining Cox-2 inhibitor left on the market. The new warning will highlight the added risks of heart attacks and other cardiovascular conditions. Celebrex was also approved for use against ankylosing spondylitis, a form of spinal arthritis that affects about 400,000 Americans.
Sales of Celebrex have plunged 45 percent in the second quarter of 2005, with total sales of $401 million. Pfizer's other Cox-2 inhibitor, Bextra, was pulled from the market after the FDA asked the company to withdraw the anti-inflammatory after a review of its cardiovascular risks.
- read this report [1] from MarketWatch for more
Links:
[1] http://www.marketwatch.com/news/story.asp?guid=%7BBF7B1A21-D58C-4169-B5D4-BEE0A427F735%7D