Wyeth's reports strong Phase III bazedoxifene data

At the American Society for Bone and Mineral Research Annual Meeting, Wyeth presented strong Phase III data for its osteoporosis drug. Bazedoxifene 20 mg and 40 mg significantly reduced the risk of new vertebral fractures by 42 percent and 37 percent, respectively, in a three-year study. Bazedoxifene has already been submitted to the FDA and is awaiting final approval. Earlier this year, Wyeth received an FDA approvable letter for bazedoxifene for the prevention of postmenopausal osteoporosis. In July 2007, Wyeth submitted a separate new drug application to the FDA for bazedoxifene for the treatment of postmenopausal osteoporosis. This new data comes as much-needed good news for Wyeth, which has struggled with its drug development programs as of late.

- see Wyeth's release for more on bazedoxifene

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