Johnson & Johnson announced Tuesday evening that the FDA has asked for additional information before granting a new indication for Risperdal Consta. The pharma giant has asked the agency for approval to market the long-acting injection for patients with bipolar disorder who experience relapse frequently. According to J&J's statement, the FDA has requested the company address several questions, but has not asked for additional clinical trials.
The only approved long-acting atypical antipsychotic, Risperdal Consta is currently approved as a twice monthly treatment for schizophrenia. Risperdal is given in a pill form and approved to treat schizophrenia and bipolar disorder in adults, for irritability associated with autism in kids and in adolescents.
As you know, J&J lost its patent for Risperdal last year and Teva took no time to begin shipping its generic version. The branded version of the drug brought J&J $2.5 billion--6 percent of company-wide sales--in 2007. So it's no surprise that the company opted to ink a deal for an authorized generic version of the Risperdal. Once a top-seller for the company, U.S. Risperdal sales dropped 84 percent in 2008. On the other hand, Risperdal Consta sales rose 8 percent to $117 million.
- view the Johnson & Johnson release
[1]- read The Motley Fool's take [2]
Related Articles:
J&J revenue sees first decline in 76 years [3]
FDA holds back on J&J schizophrenia drug [4]
J&J fights Teva with generic Risperdal [5]
Doc lobbied J&J for Risperdal-promo institute [6]
Risperdal OK'd for children [7] (Aug 2007)
Links:
[1] http://www.fiercebiotech.com/press-releases/fda-issues-complete-response-letter-risperdal-r-consta-r-adjunctive-maintenance-treat
[2] http://www.fool.com/investing/dividends-income/2009/02/11/the-fdas-bipolar-decision.aspx
[3] http://www.fiercepharma.com/story/j-j-revenue-sees-first-decline-76-years/2009-01-21
[4] http://www.fiercepharma.com/story/fda-holds-back-j-j-schizophrenia-drug/2008-08-27
[5] http://www.fiercepharma.com/story/j-j-fights-teva-generic-risperdal/2008-07-01
[6] http://www.fiercepharma.com/story/doc-lobbied-j-j-risperdal-promo-institute/2008-11-25
[7] http://www.fiercepharma.com/story/risperdal-okd-children/2007-08-23