The FDA rejection last year came as a result of missing data from the clinical trial that Bayer and Johnson & Johnson were using to expand the use of Xarelto to treat patients with acute coronary syndrome. A whopping 63% of the patients had not followed through with the trial.
The companies tracked down most of the patients to figure out whether they were still alive, and submitted follow up data showing that deaths of the missing patients were equally distributed between the three treatment groups -- two drug dosages and one placebo -- suggesting that the mortality benefit was maintained.
Bayer and Johnson & Johnson (NYSE:JNJ) didn't go into specifics as to what current concerns the FDA has with approving Xarelto for acute coronary syndrome. It could still be with the missing data, but my best guess is that the agency is worried about the increase in bleeding seen in patients taking Xarelto. The bleeding didn't kill more patients, but it's still a complication that has to be taken seriously. Eli Lilly & Co. (NYSE:LLY)'s Effient and AstraZeneca plc (ADR) (NYSE:AZN)'s Brilinta have the same bleeding issue in acute coronary syndrome patients, but the drugs were able to get approved by the FDA.
Xarelto is in the same class of drugs -- Factor X inhibitors -- as Bristol Myers Squibb Co. (NYSE:BMY) and Pfizer Inc. (NYSE:PFE)'s Eliquis and Boehringer Ingelheim's Pradaxa. The drugs can be used to treat a variety of cardiovascular issues, such as preventing and treating blood clots, and in patients with an irregular heart beat called atrial fibrillation. Xarelto is approved for those indications, but Eliquis has superior data for atrial fibrillation and is likely to capture most of those patients. Acute coronary syndrome was supposed to be where Xarelto could fit in, because it's the only Factor X inhibitor that's shown a reduction in heart attacks.
Unless the FDA turns its gift of coal into a real gift, those sales don't look like they'll be forthcoming.
The article The FDA Gift That Keeps On Giving originally appeared on Fool.com.
Fool contributor Brian Orelli has no position in any stocks mentioned. The Motley Fool recommends Johnson & Johnson. The Motley Fool owns shares of Johnson & Johnson.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy. Insider Monkey beat the market by 20 percentage points in 6 months - Learn how!
Click this link to view as XML.