Positive Data on Pfizer's Lyrica - Analyst Blog
December 19 2011 - 7:00AM
Zacks
Pfizer Inc. (PFE) recently presented positive
top-line data on its blockbuster drug, Lyrica (pregabalin) from a
phase III study. Pfizer said that Lyrica achieved each of its
three co-primary endpoints in the study that was conducted in
patients with restless legs syndrome (RLS). Lyrica succeeded in
showing a significant improvement compared to placebo and
pramipexole.
The randomized, double-blind, 12-month trial, A0081186, was
conducted with more than 700 patients. Patients participating in
the study were randomized to receive either a placebo, Lyrica (300
mg/day, pramipexole (0.25 mg/day) or pramipexole (0.5 mg/day).
Initial results showed that patients in the Lyrica arm
experienced a statistically significant improvement in RLS symptom
severity (as measured by the International Restless Leg Group
Rating Scale) after 12 weeks of treatment compared to placebo.
A statistically significant improvement in the proportion of
patients responding to treatment was observed in the Lyrica arm
compared to the placebo arm (as measured by the Clinical Global
Impression Improvement scale) after 12 weeks of treatment.
Besides this, treatment with Lyrica resulted in a statistically
significant reduction in the rate of augmentation (worsening of RLS
symptoms that occur after an RLS medication is started) compared
with pramipexole 0.5 mg/day over 12 months.
Common adverse events in the Lyrica arm included dizziness,
somnolence, fatigue, headache and nasopharyngitis (inflammation of
the nasal cavity and throat). Pfizer will conduct further analysis
of the data.
Lyrica, a key drug in Pfizer’s product portfolio, has
experienced a very strong ramp since its introduction. Total Lyrica
sales in 2010 were $3.0 billion. The product is approved in 110
countries and regions for indications like diabetic nerve pain,
pain after shingles, fibromyalgia and partial onset seizures in
adults with epilepsy who take one or more drugs for seizures. Other
players in the fibromyalgia market include Eli
Lilly’s (LLY) Cymbalta and Forest
Labs’ (FRX) Savella.
While Pfizer said that it currently does not intend to seek
approval for the RLS indication, we note that Lyrica is being
evaluated for additional indications like chronic central
neuropathic pain following traumatic spinal cord injury and
peripheral neuropathic pain. Approval for additional indications
would boost Lyrica sales.
We currently have a Zacks #2 Rank (short term Buy rating) on
Pfizer. We are encouraged by the company’s efforts to retain market
share for blockbuster drug, Lipitor, despite the loss of
exclusivity on the product. Longer-term, we are Neutral on
Pfizer.
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