Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

U.S. FDA advisers back Perrigo birth control pill for over-the-counter use

Published 05/10/2023, 02:03 PM
Updated 05/11/2023, 12:20 AM
© Reuters. FILE PHOTO: Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly

By Sriparna Roy and Nandhini Srinivasan

(Reuters) -A U.S. Food and Drug Administration advisory panel on Wednesday voted in favor of allowing sales of Perrigo Co (NYSE:PRGO)'s contraceptive drug without a prescription, paving the way for the country's first over-the-counter birth control pill.

The panel found the drug to be an effective OTC option with some members noting that it could expand the availability of birth-control alternatives to more people.

"The benefit of Opill being available to diverse populations including adolescents and those with limited literacy is in demand," said Dr Jolie Haun, a panelist who voted in favor of the pill.

On Friday, the FDA had raised concerns around the drug's studies, including whether participants were able to follow dosing instructions. 

Panel members said that more women were likely to be harmed by an unplanned or unwanted pregnancy than the side effects of the drug. The FDA generally follows the recommendations of the advisory panel.

Contraceptives have been in focus since the U.S. Supreme Court last year overturned the constitutional right to terminate pregnancies as it scrapped a landmark ruling in the 1973 Roe vs. Wade case.

"As a physician, birth control pills are one of the safest medications I can prescribe to my patients," said Dr Daniel Grossman, a steering committee member at advocacy group Free the Pill.

"Removing the medically unnecessary prescription requirement will mean that more people can get care without barriers."

Perrigo gained the daily-use pill first approved by the FDA in 1973 through its $2.13 billion acquisition of Paris-based HRA Pharma in 2021.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Shares in the company rose 4.6% on Wednesday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.