Vytorin prescriptions are falling, and falling . . . after the worst PR-disaster since Vioxx was pulled from the market . . . and Fred Hassan is becoming the pink elephant in the room. Some ask how long he'll be able to stay.
"This definitely tarnished his image," said Ben Halliburton, chief investment officer of Tradition Capital Management, to Reuters on February 6. TCM holds 454,000 Schering-Plough shares. "This was the worst PR disaster I think I ever recall and he's got to take part of the blame."
"If they can keep moving more aggressively in fixing the PR problem and not letting the prescription decline become a permanent issue, that would help his image and solidify his staying as CEO of Schering-Plough," Halliburton said.
It sure doesn't look as if that is going to happen: Vytorin prescriptions for the week ended February 15 were off 7% to 327,698 compared with the previous week, according to data provided by Verispan. And the prescriptions were down nearly 18% from the week preceding the release of the study results on January 14. Zetia prescriptions declined 8% to 237,797 last week compared with the week before, and were off 19% from pre-Enhance levels.
More info at the WSJ Health Blog.
Dr. Rost is a pharma litigation consultant and pharmaceutical marketing expert. He is also the author of Killer Drug and The Whistleblower.

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