Breaking News
0
Australian Edition Available
Would you prefer Investing.com's Australian edition?
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Novartis Accused Of Threatening Docs Over Cheaper Drug

Stock MarketsApr 02, 2015 10:45AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Karen Bleier/AFP/Getty Images. Drugmaker Novartis may have blocked doctors' access to an alternative drug to treat a form of the eye condition macular degeneration, an investigation by the British Medical Journal suggests.

By Elizabeth Whitman -

Drugmaker Novartis is under scrutiny for allegedly blocking British doctors' access to the drug Avastin, a cheaper alternative to one that it sells, Lucentis, as doctors and academics have faced "threats and intimidation" when carrying out clinical trials on Avastin, an investigation by the British Medical Journal claims. Both drugs are used to treat an eye condition that is a leading cause of blindness among older British patients.

The journal said it had uncovered a campaign by drugmakers to "undermine and divert attention" from these trials, which suggested that Avastin was just as safe and effective as Lucentis in treating the eye condition. Those efforts included emails from clinicians that had links to Novartis urging some to pull out of one drug trial, as well as attempts by the company to "derail" another trial, according to the journal.

Lucentis costs $1,950 per dose, while Avastin costs about $50 per dose, the journal said in a press release. If doctors were allowed to use Avastin to treat the eye condition, the U.K. could save more than $150 million a year, it added. Avastin is currently sold as a cancer drug, and though it is not licensed to treat the eye condition, wet age-related macular degeneration, some doctors prescribe it nonetheless, given trials indicate that the drug can be effective against the condition, BBC reported.

Novartis has denied allegations that the company was, in the words of Dr. Fiona Godlee, chief editor of the medical journal, "scaring doctors from using cheap and effective medicines." A spokesman for the company told the BBC that it was "closely reviewing the content of the article" in the journal.

Both Lucentis and Avastin are owned by drug company Roche, but Novartis markets Lucentis in the U.K. The Royal College of Opthamology has called for Avastin to be approved to treat the eye condition in Britain. Elsewhere in the world, Avastin is widely used in opthamology, and the World Health Organization supports its use for such purposes.

Novartis Accused Of Threatening Docs Over Cheaper Drug
 

Related Articles

Global shares gain lift from Fed, Biden's stimulus
Global shares gain lift from Fed, Biden's stimulus By Reuters - Apr 29, 2021 12

By Tom Arnold and Kane Wu LONDON/HONG KONG (Reuters) - Global shares extended gains on Thursday after the Federal Reserve said it was too early to consider rolling back emergency...

China and home cooks help Unilever top forecasts
China and home cooks help Unilever top forecasts By Reuters - Apr 29, 2021 1

By Siddharth Cavale (Reuters) -Unilever beat quarterly sales forecasts on Thursday, helped by a pick up in home cooking in coronavirus lockdowns and a strong economic recovery in...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email