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Forest Sees No Significant Impact From Antidepressant "Black Box" Warnings

This article was originally published in The Pink Sheet Daily

Executive Summary

The antidepressant relabeling will only have a "mild" effect on a small part of the business, Forest says. Some of the impact could be offset if competitors scale back on direct-to-consumer advertisements: Pfizer is still running Zoloft TV ads in the days following FDA's decision to require new warnings.

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Lexapro Shows Modest Sales Gains With Close Of 2004, Forest Says

Sales of the antidepressant grew 3% sequentially in the quarter ended Dec. 31, but the gains were more than offset by a 50% decline in Celexa due to generic competition. Forest's better-than-expected quarterly earnings performance partially reflects a one-time, $30 mil. sale of the flu therapy Flumadine to the U.S. government.

Lexapro Shows Modest Sales Gains With Close Of 2004, Forest Says

Sales of the antidepressant grew 3% sequentially in the quarter ended Dec. 31, but the gains were more than offset by a 50% decline in Celexa due to generic competition. Forest's better-than-expected quarterly earnings performance partially reflects a one-time, $30 mil. sale of the flu therapy Flumadine to the U.S. government.

Effexor Script Growth Will Double Antidepressant Market Rate, Wyeth Predicts

Effexor XR scripts grew 4% in the third quarter, compared to 2% growth for the category, Wyeth says. Sales of the antidepressant franchise jumped 46% in the U.S. in the third quarter. The company predicts “black box” class warning will not significantly impact Effexor, which is not advertised on TV.

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