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Published on FiercePharma (http://www.fiercepharma.com)

J&J takes $440M charge on Natrecor

By admin
Created Nov 30 2007 - 7:59am

Here's a good estimate of how much it costs when a drug goes into free-fall: $440 million. That's how much Johnson & Johnson [1] is writing off on Natrecor, a heart failure treatment that went into a downward spiral when medical researchers suggested that it might boost the risk of kidney problems and death.

And oh, what a drug it was supposed to be. In 2003, J&J paid $2.4 billion for the biotech company Scios [2] to get its hands on Natrecor. The drug sold at a rate of about $400 million in 2004. Then, in 2005, the safety concerns arose, and sales have been declining ever since. The $440 million charge is expected to show up in J&J's fourth-quarter earnings report.

- see this article [3] from The New York Times

Related Articles:
FDA warns J&J unit on heart drug marketing. Report [4]
DCRI tapped for major new Natrecor study. Report [5]
Slumping Natrecor sales spur layoffs at Scios. Report [6]
J&J: Natrecor study failed to reveal two deaths. Report [7]


Source URL:
http://www.fiercepharma.com/story/j-j-takes-440m-charge-natrecor/2007-11-30