Bloomberg News, 11/15/08 (http://www.bloomberg.com/apps/news?pid=20601202&sid=abBULtzvVl9c&refer=healthcare)
– Alpharma Inc.’s experimental morphine pill Embeda appears less susceptible to abuse than existing long- acting drugs for chronic pain, according to a majority of experts on a U.S. advisory panel.
A hidden chemical in Embeda called naltrexone may make it somewhat more difficult for abusers to get high by chewing or crushing the capsule, outside advisers to the Food and Drug Administration said at a meeting today in Gaithersburg, Maryland. While the panel didn’t take a vote, the FDA will consider the advice in deciding whether to approve the drug.
Support for Embeda helps Alpharma and King Pharmaceuticals Inc., which is trying to acquire the company in a $1.6 billion hostile takeover. They are among a half dozen drugmakers racing to introduce the first long-acting painkillers that are resistant to traditional methods of abuse. Embeda sales may reach $275 million by 2015, according to Ian Sanderson, a Cowen & Co. analyst.
“We have to start somewhere,” said panel member Nancy Nussmeier, professor and chair of anesthesiology at State University of New York Upstate Medical University. “It’s a small advance, but it’s an advance.”
Alpharma, of Bridgewater, New Jersey, rose $4.25, or 14 percent, to $34.75 at 4:15 p.m. in New York Stock Exchange composite trading. Bristol, Tennessee-based King fell 11 cents, or 1 percent, to $9.64.
The FDA is scheduled to act on Alpharma’s new drug application by Dec. 30 under a six-month “priority review” granted to drugs the agency deems to have significant benefits over existing therapies. The FDA usually follows its advisory panels’ recommendations, though it isn’t required to do so.
OxyContin Abuse
Regulators urged companies to develop tamper-resistant drugs after studies found that teenagers and adults were abusing controlled-released narcotics such as Purdue Pharma LP’s OxyContin. The closely held company from Stamford, Connecticut, agreed to pay $634.5 million last year to settle criminal and civil claims that it misled doctors about OxyContin’s risks from 1996 to 2001.
Yesterday, the majority of panel members spoke favorably of King and Pain Therapeutics Inc.’s Remoxy, designed to be a tamper-resistant version of the main ingredient in OxyContin.
Some members of the advisory panel said advertising Embeda or any new painkiller as abuse-resistant would only encourage misuse. Embeda’s core of naltrexone is activated when the drug is crushed or chewed, reducing the sense of euphoria given off by the morphine. It’s unclear whether injections or another form of manipulation would override the safeguard.
`No Perfect Solution’
“At the end of the day, we’re trying to make positive steps and not over-promise anything,” Joseph Stauffer, Alpharma’s chief medical officer, told the advisory panel. “There is no perfect solution and clearly this is not one either.”
The FDA won’t allow any drugmaker to claim that its product reduces abuse “until they prove it,” said Bob Rappaport, head of the FDA’s Division of Anesthesiology, Analgesia and Rheumatology Products, at the meeting. The agency may allow companies to include some data from their studies in prescribing information.
Embeda may capture 4 percent of prescriptions for controlled-released opium-like painkillers if it is approved, according to Sanderson, the Cowen analyst based in Boston. He raised his rating on Alpharma shares earlier today to outperform from neutral, citing the odds the panel would be supportive of Embeda and that the company would be bought by King, or an undisclosed rival bidder.
“Alpharma should outperform the market by 15 to 18 percent over the next several weeks,” Sanderson said today in a note to clients.
King’s takeover bid expires Nov. 21.