Monsanto's arthritis drug sells briskly
Article Abstract:
Second only to Viagra, Monsanto's Celebrex generated the writing of 82,600 prescriptions in its third week on the market for treatment of arthritis pain. Pfizer, maker of Viagra, is co-marketing Celebrex, but the two drug companies haven't even begun to sell formally as yet. Sales thus far are a result of the success of the 30-day free trial packs that doctors received. It's popularity may be due in large part to Celebrex's more gentle effect on the stomach and for not causing bleeding ulcers. Its effect on pain isn't much different from current medications.
Comment:
Company has second-best selling drug, Celebrex
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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Monsanto drug could ignite marketing war; drug approved by FDA to treat arthritis pain may not cause ulcers
Article Abstract:
Monsanto Co. has the FDA's approval to market Celebrex but the drug's label must still warn about the possible side effects like bleeding ulcers. Consequently, the firm has kept pricing in line with current drug treatments on the market for rheumatoid arthritis. This requirement is disappointing to the firm and says it will also effect it's marketing efforts aimed directly at consumers.
Comment:
FDA's approval of Celebrex still limits company's labeling
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Abbott acquires co-marketing rights to arthritis drug. Monsanto arthritis-pain drug, Celebrex, surpasses Viagra's early sales success
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