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Biotech / Medical : Ligand (LGND) Breakout!

LGND 203.80

+1.2%

11:25 AM EST

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To: DMB who wrote (22810)	6/29/1998 1:11:00 AM
From: Robert L. Ray	Read Replies (2) of 32384

>>>As a physician, I am curious what drugs, in your perception, have been kept off the market to the detriment of the public?<<< The question wasn't directed at me but I know of one for sure. Duramed (DRMD) last year had their generic version of Premarin turned down in what has to be one of the most outragous actions the FDA has ever taken. The FDA laid out the ground rules for approval of the DRMD drug. DRMD met all the requirements. And in the 11th hour AHP apparently lobbied the FDA and said hey wait a minute... Premarin has some ingredients in it that the DRMD drug doesn't. That was true. These ingredients are actually inactive contaminants in Premarin. Never the less this gambit by AHP worked. It's of course widely suspected that the whole fiasco was politically motivated. (Especially by DRMD and ex-DRMD shareholders:) At any rate this is one example where the FDA has royally screwed up to the financial detriment of the American public since the public would have saved millions with generic Premarin.

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