GlaxoSmithKline Plc and Eli Lilly & Co have added warnings about heart and liver risks to the labels of their diabetes drugs, which are similar to a medication withdrawn from the market in 2000 because of links to fatal liver damage.
The US Food and Drug Administration today posted information about heart and liver risks in Glaxo's Avandia and Lilly's Actos, although warnings had been added to the labels earlier. The FDA posted a summary of risks associated with the medicines on its Medwatch site to inform doctors and the public.
Doctors have been watching for signs of liver damage in patients on Avandia and Actos since their 1999 US introduction because they work the same way as did the withdrawn Rezulin diabetes medicine. Warner-Lambert Co, now a unit of Pfizer Inc, yanked the drug from the market in 2000 because it caused liver damage and deaths.
"We have just started getting calls about Avandia," said Steve Sheller, a Philadelphia lawyer with more than 100 Rezulin cases. "Clients are reporting they are suffering the same problems as the folks who used Rezulin. We're going to look into it."
Avandia had sales of US$280 million in the quarter ending March 30, a 28 percent jump over the comparable quarter a year ago, according to Glaxo. Lilly doesn't break down Actos sales, but said it was in a category of products that grew last quarter.
Some diabetes sufferers taking Avandia had three times the upper limit of an enzyme linked to liver failure, wrote David Stout, president of US drugs for Glaxo in a September 2001 letter to doctors. The FDA posted it Friday in its Web site.
"Very rarely, these reports have involved hepatic failure with and without fatal outcome, although causality has not been established,"Stout wrote.
Regulators took GlaxoSmithKline officials to task for promoting the drug without revealing the risks at a recent medical conference, Stout wrote.
Actos and Avandia cause bloating, which can spur or exacerbate heart failure. At the FDA's urging, the companies sent letters urging doctors to be on the lookout for symptoms such as rapid weight gain or shortness of breath in patients taking the medications.
Both drugs will also carry new warnings on their labels advising patients with severe heart disease not to take them because of their link to fluid retention and heart failure.
Lilly markets Actos with Japan's Takeda Chemical Industries.
The FDA cited human trials comparing use of the drugs against patients taking a dummy pill. Patients taking Avandia and Actos were more likely to suffer heart failure.
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Advanced Micro Devices Inc (AMD) suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence (AI) chips, but did not provide hoped-for information on customers or financial performance. The stock slid 4 percent to US$164.18 on Thursday, the biggest single-day drop since Sept. 3. Shares of the company remain up 11 percent this year. AMD has emerged as the biggest contender to Nvidia Corp in the lucrative market of AI processors. The company’s latest chips would exceed some capabilities of its rival, AMD chief executive officer Lisa Su (蘇姿丰) said at an event hosted by
AVIATION: Despite production issues in the US, the Taoyuan-based airline expects to receive 24 passenger planes on schedule, while one freight plane is delayed The ongoing strike at Boeing Co has had only a minor impact on China Airlines Ltd (CAL, 中華航空), although the delivery of a new cargo jet might be postponed, CAL chairman Hsieh Su-chien (謝世謙) said on Saturday. The 24 Boeing 787-9 passenger aircraft on order would be delivered on schedule from next year to 2028, while one 777F freight aircraft would be delayed, Hsieh told reporters at a company event. Boeing, which announced a decision on Friday to cut 17,000 jobs — about one-tenth of its workforce — is facing a strike by 33,000 US west coast workers that has halted production
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more