Wednesday, June 18

Parkinson's drug Azilect, is it going to be a blockbuster ?!

Shares of Teva Pharmaceutical Industries rose after the company posted data showing its Parkinson's drug Azilect can slow progression of the disease. Teva said that it will submit the study data to regulatory authorities in the U.S. to get Azilect's labeling changed to include disease modification. Currently it is approved to treat symptoms of the disease. Credit Suisse analyst Marc Goodman expects Azilect to gain approval for the disease modification indication in 2010. He also boosted his 2012 sales forecast for Azilect to $500 million from $325 million. Cowen & Co. analyst Ken Cacciatore said that the results could boost use of the drug, which he said only commands 1.1 percent of the Parkinson's drug market, even before the additional indication is approved.

In an interview, Moshe Manor, Teva's group vice president for global innovative resources, said: "We believe that Azilect will become a foundation treatment for Parkinson's disease patients starting at a very early stage. It has very significant potential for Teva. We believe the results will increase usage of the product by neurologists." Until a label change is approved, the company cannot promote Azilect for that use. However, physicians are free to prescribe it as they see fit since it is already on the market. Teva, which had 2007 sales of $9.41 billion, is primarily known for making generic drugs but also has proprietary products such as Azilect and multiple-sclerosis treatment Copaxone.

Noa Weisberg, an analyst at Israel Brokerage & Investments in Tel Aviv raised her peak sales forecast for Azilect to $1 billion, compared with earlier analyst estimates $200 million to $300 million. Specifically, Noa Weisberg said: “It's going to be a blockbuster, easily. This is very good news, not just for investors, but also for patients.''

10 comments:

  1. Parkinson's patientJune 18, 2008 at 12:27 PM

    Heard good things about this drug, it might be neuroprotective.I am looking to add Azilect to my current medication of Mirapex...I recently added Selegiline but I have decided to replace it with Azilect soon!

    ReplyDelete
  2. Thank you so much for this additional information - I will be sure to research it more before starting it. It is gud to do quite a lot of research on drugs we need to take before using those..isn't it?

    ReplyDelete
  3. Yes Debbie...I completely agree with you...taking prescribed meds without knowing about those can sometimes be disastrous! It's always good to research on the meds u gonna take.

    ReplyDelete
  4. And, Debbie, I wish u successfully battle against Parkinson's. Living with Parkinson's disease can be challenging, but it's important to understand that you can make a difference in your condition. Visit your doctor regularly to ensure that you receive the best medical attention possible. God bless!

    ReplyDelete
  5. Emily-Living happily with Parkinson'sJune 18, 2008 at 1:27 PM

    Hi guyz,I just wanted to make u people know abt a website- MyParkinsonsInformation.com. I'm Parkinson's patient, I have registered myself here. I thought it wud help a few atleast if I reveal abt dis Website here.One can register for free monthly newsletter to receive timely updated information abt Parkinson's Disease directly in his/her email. It is also a source to find valuable information abt Parkinson's dat will help u & ur loved one’s live better lives.U wil also find valuable offers frm companies dat provide solutions for those living with Parkinson's.

    ReplyDelete
  6. This comment has been removed by the author.

    ReplyDelete
  7. This comment has been removed by the author.

    ReplyDelete
  8. This comment has been removed by the author.

    ReplyDelete

Type here.......:)