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GlaxoSmithKline plc (ADR) (GSK), Roche Holding Ltd. (ADR) (RHHBY): Why Alex Rodriguez Could Bring Big Business to This Sector

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Baseball star Alex Rodriguez had an opportunity to be perhaps the greatest player of the past decade or even longer — that was until he threw it all away by admitting to steroid use in 2009 and after being linked to the BioGenesis scandal that broke in January.

Being a Yankee and the man that signed the biggest contract in MLB history in 2007 — a $275 million deal over 10 years — Rodriguez was already a marked man that few MLB fans liked. Following his admission of using performance-enhancing substance beginning in 2001, and being linked to South Floridian anti-aging clinic BioGenesis along with more than a dozen other MLB and minor league players as user of human growth hormone and other illegal substances, disgust might be far too polite a word to describe the fans’ current view of Rodriguez. To put this in a different perspective, in Rodriguez’s first game back following hip surgery on Tuesday he was hit by a pitch in Chicago, and the crowd actually cheered!

GlaxoSmithKline plc (ADR) (NYSE:GSK)Unfortunately, the fall of Alex Rodriguez isn’t unique. The use of performance-enhancing drugs to get an edge has become all-too-common in sports like baseball and football, as well as global events like the Olympics. Let’s not forget that Rodriguez shares a spot in infamy right alongside cyclist Lance Armstrong who admitted to steroid usage on Oprah! in January, while Olympic track star Marion Jones admitted to steroid usage all the way back in 2007.

Not only is PED usage a multi-sport problem, but the lengths at which players are going about securing these drugs, following their development by pharmaceutical companies that are oblivious to their misuse, and circumventing the current testing technology, is stunningly scary.

Cheaters beware
However, that may be about to change, as Alex Rodriguez’s long-tenured link to doping could be the impetus that finally encourages dramatic change and pushes drugmakers and the World Anti-Doping Agency (WADA) together to combat PED abuse.

We’ve already seen examples in the past of drugmakers and WADA working hand-in-hand to clean up various sporting events. Two drugmakers that have led the charge are Roche Holding Ltd. (ADR) (OTCBB:RHHBY) and GlaxoSmithKline plc (ADR) (NYSE:GSK).

The move toward cooperation with WADA is pretty easy to understand for Roche Holding Ltd. (ADR) (OTCBB:RHHBY), because it developed an anemia drug called Mircera, better known as CERA, which was primarily taken by cyclists to aid in the production of red blood cells, thus improving oxygen flow and stamina.

GlaxoSmithKline plc (ADR) (NYSE:GSK), on the other hand, followed Roche Holding Ltd. (ADR) (OTCBB:RHHBY)’s lead in testing for CERA by becoming the official anti-doping sponsor for the 2012 London Games, and has agreed to share proprietary information on all of its new drugs prone to abuse with WADA going forward.

You might think that it’d be easy to concoct a diagnostic test capable of detecting a synthetic drug from the body’s own production of chemicals, but it’s actually quite difficult depending on the chemical markers and the amount of the PED being used. In fact, many of these drugmakers, like Roche, needed years to develop diagnostic tests for their drugs. Ultimately, though, the Food and Drug Administration often requires drug developers to detail the pathway by which a new drug cycles through the body during the drug approval process which is the basics for developing an anti-doping test. Yet not all drugmakers were as accommodative as Roche Holding Ltd. (ADR) (OTCBB:RHHBY) or GlaxoSmithKline plc (ADR) (NYSE:GSK) with developing a PED test for their drug.

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