Sunday, June 12, 2011

GERMANY SUSPENDS TOP TAKEDA DIABETES DRUG ACTOS

Moves follow study showing slightly raised cancer risk.
Germany has joined France in suspending the use of Takeda Pharmaceutical's Actos diabetes drug, due to worries about a possible link to cancer.
The move is a blow for the Japanese firm, whose best-selling drug has worldwide sales of close to $5 billion, though the financial impact will be limited by the fact the drug faces looming generic competition in key markets. Shares in Takeda fell 2.9 percent on Jun. 10, 2011, against a 0.5 percent rise in the benchmark Nikkei average.
On Jun. 9, 2011, France's drug safety authority suspended use of both Actos and Competact -- which combines Actos and an older drug called metformin -- after an official French study found they appeared to slightly raise the risk of bladder cancer.
Germany's Federal Institute for Drugs and Medical Devices (BfArM) said it had decided to follow suit after receiving results of the study by France's national health insurance body, which tracked patients on diabetes drugs between 2006 and 2009.
“BfArM recommends the suspension of approval of pioglitazone (Actos) until further clarification. Doctors should not put new patients on pioglitazone,” the German regulator said in a statement.

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