Business News

Good Tidings for Gilead

 

The FDA didn't concur. However, Tracleer's label contains the same safety warning and requirement for regular liver monitoring, signaling that the FDA views the risk of liver damage as belonging to the entire class of drugs -- endothelin receptor antagonists -- that includes both Tracleer and Letairis.

The agency did OK a Letairis label that gives the Gilead sales force a lot to work with. Significantly, it includes safety data demonstrating a relatively low incidence of liver toxicity compared to a placebo, as well as a lack of interactions with other drugs used to treat PAH patients. These data should give Letairis a leg up on Tracleer when doctors consider treatment for newly diagnosed PAH patients.

The FDA also allowed Gilead to include data from a recently concluded study showing that Letairis is effective and safe in patients who had to stop taking Tracleer or Thelin because of liver toxicity. This will help Gilead convince doctors to switch patients from Tracleer to Letairis.

Gilead is pricing Letairis at parity with Tracleer
-- about $3,940 per month -- and will launch the drug this week.

>To order reprints of this article, click here: Reprints

Adam Feuerstein writes regularly for RealMoney.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. Feuerstein appreciates your feedback; click here to send him an email.

TheStreet Premium Services

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
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
Real Money
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
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet