Questions Linger on Pfizer Drug

 

A new study of a cholesterol drug recently abandoned by Pfizer(PFE) doesn't answer the question of why the compound failed or whether similar experimental drugs will be successful.

"The lack of efficacy may be related to the mechanism of this drug class or to molecule-specific adverse events," says the Pfizer-sponsored research that was unveiled at the annual meeting of the American College of Cardiology.

The drug is torcetrapib, which Pfizer had hoped would be the successor to Lipitor, the world's best-selling drug and a contributor of $12.9 billion, or 27%, of last year's corporate revenue.

But Pfizer canceled work on the drug in early December after the company said a clinical trial showed that patients receiving torcetrapib plus Lipitor had a higher-than-expected death rate than patients receiving Lipitor alone.

Pfizer executives were hard-pressed to explain what happened in the 15,000-patient test, whose full results won't be available until later this year. Monday's results of another clinical trial of nearly 1,200 patients only offered possible scenarios.

The latest research found that torcetrapib plus Lipitor failed to significantly reduce the buildup of artery-clogging plaque when compared with Lipitor alone. Patients were tested for 24 months.

As in the larger clinical trial, researchers found that torcetrapib raised patients' blood pressure, lowered so-called bad cholesterol and raised good cholesterol. The research was posted online by The New England Journal of Medicine, in advance of publication in its March 29 issue.

TheStreet Premium Services    For Personal Service: 877-471-2967

Jim Cramer
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 More
New: ETF Profits
ETF 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 More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Doug Kass
Real 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 More
Stocks Under $10
Stocks 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 More
To 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
12,776.59 1,341.00 2,906.52 19.79
Oil *
117.26
DOWN
113.87
DOWN
10.95
DOWN
20.71
DOWN
0.68
10 Yr
1.98%
SPDR Gold
167.14
-0.88%
-0.81%
-0.71%
-3.32%
Data delayed 20 minutes

Top Stories and Tools

Brokerage Partners

After the Bell

Before the Bell

Booyah! Newsletter

ETF Daily

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet