A panel of medical advisers to Canada's health department on Thursday recommended that the Merck(MRK) arthritis drug Vioxx be returned to the market.
Merck withdrew Vioxx from all markets Sept. 30 after noting that clinical tests showed that patients taking the drug for more than 18 months had an increased risk of cardiovascular problems. The panel's recommendation by a vote of 12-1 will be reviewed by the health department, Health Canada. If Merck wants to sell Vioxx again in Canada, it must submit a new application, Health Canada said Thursday. The department said its review would pay close attention "to the safe labeling issued raised by the panel." A Merck spokesman said Thursday that his company hasn't decided whether to bring Vioxx back to the Canadian market or any other market. Merck will discuss the matter with Health Canada, and it is continuing its discussions with the Food and Drug Administration, he said. The Canadian advisory panel also voted unanimously that Celebrex, a Pfizer(PFE) arthritis drug, continue to be marketed. However, it voted 8 to 5 against another Pfizer arthritis drug, Bextra, being allowed back on the market because "there was not sufficient information available about cardiovascular risk." The majority also opposed Bextra because of the risk of a rare but potentially dangerous skin disorder associated with the drug. The Bextra supporters on the panel said the drug should be allowed on the market as a pain reliever for patients for whom other medications had failed. Pfizer suspended sales of Bextra and in the U.S. and foreign markets in April after the FDA said "the overall risk vs. benefit profile for the drug is unfavorable." Pfizer said it disagreed with the FDA, adding that it would discuss with regulators the circumstances for which Bextra might return to the market.TheStreet Premium Services For Personal Service: 877-471-2967
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,890.46 | 1,351.95 | 2,927.23 | 20.47 |
Oil *
118.75
|
|
UP
6.51 |
UP
1.99 |
UP
11.37 |
UP
0.72 |
10 Yr
2.05%
SPDR Gold
168.02
|
|
+0.05%
|
+0.15%
|
+0.39%
|
+3.65%
|
Data delayed 20 minutes |

Connect with TheStreet