AstraZeneca Filling Supply Gap For Blood Pressure Drug
February 20 2009 - 2:28PM
Dow Jones News
AstraZeneca (AZN) has effectively filled the supply gap
following a shortage in the generic version of its blood pressure
medicine Toprol XL after two drug makers stopped supplying the drug
in recent months.
The London-based drug giant says it has ramped up production of
both the branded version and an authorized generic it makes for Par
Pharmaceutical Cos. (PRX). The drug was once a big U.S. seller for
AstraZeneca, but sales have plummeted since it went generic in
2007. The company's U.S. sales of Toprol dropped to $295 million in
2008 after hitting $1.4 billion in 2006.
An AstraZeneca spokesman acknowledged that the increased sales
of the drug will have a positive business benefit, but declined to
elaborate. Toprol is not a high-priced product, with an average
cost of about $33 a month for the branded version.
Last year, Sandoz, the generic unit of Novartis AG (NVS),
recalled 6 million bottles of generic Toprol XL after the Food and
Drug Administration sent a warning letter about the factory in
North Carolina that makes the pills.
Another supplier of the drug, K-V Pharmaceutical Co. (KVA, KVB),
stopped manufacturing and shipping all of its products last month
and recalled most products already on the market, including Toprol,
as it deals with an FDA investigation.
Since November, sales of branded Toprol have almost doubled -
from about 51,000 total prescriptions a week in early November to
about 124,000, according to Verispan, a drug-data research
firm.
Sales of a generic version have dropped to 616,000 prescriptions
from 812,000 in the same timeline, but that market is now dominated
by the AstraZeneca-authorized generic that previously had a third
of generic sales.
Total prescriptions of both versions have dropped 14% since
early November, as patients likely sought alternatives. Toprol
contains a warning from the FDA about the dangers of abruptly
stopping treatment, so patients who couldn't find the medicine
would need to switch treatments.
The AstraZeneca spokesman said that its product is now in the
distribution pipeline and any current shortages of the drug should
be short-lived.
The company is allocating its supply to customers to order to
ensure that there is enough of the drug. The move could result in
smaller volume shipments for the time being, he said.
AstraZeneca said it is in contact with the FDA about supplying
the drug to the public, but it has no contact with the generic
companies and doesn't know when more supply could come on the
market.
Officials from Sandoz weren't immediately available for
comment.
Watson Pharmaceuticals Inc. (WPI) has an application pending
with the FDA on its own generic version of Toprol.
-By Thomas Gryta, Dow Jones Newswires; 201-938-2053;
thomas.gryta@dowjones.com