Eisai botched their own product Aricept and needed Pfizer's help. Aricept is a medication that really sells itself and yet Eisai could do nothing.
Eisai hands down is worthless.
Correct and yet takeda somehow is still managing to get docs to write and patients to take.
Actavis is dancing in the streets and is accelerating efforts to produce a generic version of 2 generic drugs that were combined by OREX and named Contrive.
OREX cardioprotective patent is all but a goner now that it has been confirmed that there is NO cardioprotective effect or benefit. In fact, per Dr. Steve Nissen, after reviewing 50% of the data, there was an increase in DEATHS in patients taking Contrive vs placebo.
Sorry. Really sorry here.
This is starting to get out into all the medical journals. I expect doctors are going to feel somewhat deceived by their friendly neighborhood Takeda rep?
OREX is all but cooked here people. No patent protection with Actavis, a generic pharma giant, breathing down Contrive's neck.
Funny how no one is mentioning this exact quote from Steve Nissen. These are his words not mine.
With 50% of the data, more patients died on contrave than placebo per Nissen.
I remember back in the day when ARNA had 18% institutional ownership. This is a fine improvement I must say!
Entire must be repeated. Light study invalid. Date of completion 2022.
Cannot believe they would cherry pick the data and falsify results to show a CV benefit when there is none.
It seems that EU will catch onto this information soon. I wonder if approval could be revoked based on fraudulent data?
They didn't just spill the beans. They cherry picked the data and included only 25% of patients studied to quickly come to the conclusion that contrive conferred some cardio protective effect. They immediately grabbed a patent to protect themselves from a genetic challenge. Orex pumped their price 40% and bam.
OREX lied. Period.
Amazing drop from $7 to $4 range. But the rise in share price was based on deception. Market is simply correcting for that fact.
Little ol' Ildong put a whipping to Eisai. A tiny pharma like Ildong in a tiny country like South Korea crushing a supposed giant like Eisai in a giant of a country in the USA.
Eisai... Gimme a break! Eisai... Where's the beef...