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March 16, 2007

Drugs nearing approval for fibromyalgia

by @ 8:34 am.  Filed under Pharma News

Back in January, Reuters had this article on the mysterious pain condition referred to as fibromyalgia

Drugs nearing approval for mysterious pain condition | Health | Reuters.com:

The condition is controversial because it is not east to diagnose and there is no test for it. The diagnosis is made based on patient complaints and responses to subjective questions during an exam. It is estimated that the condition may affect as many as 12 million Americans mainly females. I’m not qualified to say wether or not it should be a recognized disease but it is interesting to note that several major pharma companies are looking at this as an area ripe for new drugs to target this. Among the companies actively developing drugs for fibromyalgia are Pfizer, Lilly, Forest Labs and Wyeth. There may be more but these are mentioned in the above article.

Why is big pharma interested in this? Because it could be a $1 billion market by 2014; it is currently fairly small. The first drug could be approved as soon as next year for fibromylagia. Already Cymbalta from Lilly and Lyrica from Pfizer are being used off label to treat fibromylagia. If either of these two could get approved for this additional indication it could be another $ 200-400 million in annual sales annually for them..

The first approach is to test drugs that companies already sell for other diseases to try and see if they work. Longer term, I am sure their is research ongoing to develop new chemical entities (NCEs) specifically for this condition. However, given the lack of basic understanding of the disorder, it must be difficult to find an animal model to do testing in.

Other Resources
National Fibromyalgia Association
National Fibromyalgia Research Association
fibromyalgia - Yahoo! Search Results
fibromyalgia - Google Search

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    Corautus to merge with VIA Pharmaceuticals

    by @ 8:15 am.  Filed under Pharma News

    I somehow didn’t post on this merger from back in early February. Corautus is going to merge with VIA Pharmaceuticals

    Corautus to merge with San Francisco company - Atlanta Business Chronicle: :

    I’m not familiar with either of these small companies but since I’ve been trying to keep up with M$A activity in the industry I wanted to include it. Corautus Genetics Inc. is a small private company located in
    Atlanta GA (hence the reporting in the Atlanta Business Chronicle) focused on cardiovascular and peripheral vascular disease.

    VIA Pharmaceuticals is located in San Francisco, CA and also focuses on vascular disease so they seem to be a good fit. I can’t comment on it more than that.

    Other Resources
    Corautus Genetics and VIA Pharmaceuticals Announce Merger Agreement (official press release)
    Corautus Genetics and VIA Pharmaceuticals Announce Merger Agreement: Financial News - Yahoo! Finance
    Google Blog Search: corautus “VIA pharmaceuticals”

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