Saturday, April 14, 2012

Antidepressant drug sales plummet as patents expire and patients flee to safer alternatives

by: Ethan A. Huff The market for antidepressant drugs is quickly drying up as patents on long-time blockbusters like Lexapro, owned by Forest Laboratories, and Seroquel, owned by AstraZeneca, continue to expire. And because they are unable to develop new multi-billion-dollar blockbuster drugs to take their places, many drug manufacturers are ditching the antidepressant business altogether, especially as studies continue to emerge showing that antidepressants are largely useless and cause more harm than good. A recent Reuters report appears to bemoan the fact that development of a new antidepressant drug ceased after it was discovered that the drug was ineffective. Highlighting an overall trend of failure in this area of drug development within the drug industry, the report actually positions drug companies as victims that will stand to lose billions of dollars in profits as a result of their collective failure to come up with new drug options. Reads more... 

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