There were sharp drops in the share prices of US drug majors Merck & Co and Schering-Plough after their controversial cholesterol drug Vytorin (ezetimibe and high-dose simvastatin) failed to benefit patients with a rare heart valve disorder.
On the day results from the SEAS study were announced, July 21, Merck shares closed down 6% at $35.33, while its more exposed partner S-P lost 11.6% to $18.95.
The trial investigated the effects of intensive cholesterol lowering with the daily use of 40mg of the generic drug simvastatin and 10mg of Vytorin in aortic stenosis. Involving partial blockage of the aortic valve in the heart, the condition is relatively common among older people in western populations. Left untreated, it can progress to death from heart failure or cardiac arrest.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
| Headless Content Management with Blaze