Actos gains market share at Avandia's expense

Share this article:

Sales of Takeda's diabetes drug Actos rose 13% in the two weeks after the Cleveland Clinic issued a report suggesting competitor GlaxoSmithKline's Avandia raised the risk of heart attacks by 43 %.


The number of prescriptions for Avandia fell to 151,807 in the week ending June 1, according to Wolters Kluwer Health cited by Bloomberg News. By contrast, Actos prescriptions rose to 265,723 the last week of May.

The FDA has asked both GSK and Takeda to strengthen warnings on their drugs' labeling about the risk of heart failure.

Since then, shares of Takeda have fallen 4.6% on the Tokyo Stock Exchange, while Glaxo shares recouped some of their loss, rising 2.2 % in London.

Avandia, designed to treat Type 2 diabetes is GSK’s second-best selling drug with $3.3 billion in global sales last year. Actos, with global sales of $2.8 billion, accounted for a quarter of Takeda's revenue last year and was the company's best seller.

Share this article:

Email Newsletters

More in News

Sales of Biogen MS pill pick up overseas

Sales of Biogen MS pill pick up overseas

Biogen Idec is seeing strong sales for blockbuster MS drug Tecfidera, especially overseas where it's beginning to catch fire this summer.

GSK second-quarter sales disappoint

GSK second-quarter sales disappoint

Executives urge analysts to focus on the company's long-term potential.

House bill would speed approval once EU OKs same product

House bill would speed approval once EU OKs ...

The Speeding Access to Already Approved Pharmaceuticals Act of 2014 would require FDA to expedite the review of pharmaceuticals that are already approved by the European Union