Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Not If, but When, for Lilly

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

For an event that had so much buildup, the positive recommendation from an FDA advisory panel for Eli Lilly's (NYSE: LLY  ) drug prasugrel was fairly anticlimactic. But at least Lilly now knows that it's just a matter of time until the anti-clotting agent wins approval.

The drugmaker has been waiting for a decision since June. And once a panel of experts finally convened to sort out what the Food and Drug Administration's reviewers couldn't, they recommended, without exception, that the drug be approved. The unanimity was a little surprising, but the thumbs-up sentiment for the drug wasn't. In its briefing documents to the panel, the FDA had already signaled that it thought the drug worked well.

The panel did say that stroke patients shouldn't be given the drug, nor should people who are likely to undergo open-heart surgery. It wasn't as convinced, though, that doctors needed a warning about not giving it to people older than 75 or weighing less than 130 pounds. That's about the best that Lilly could have hoped for, considering that prasugrel has been shown to cause excessive bleeding in some patients. A more restrictive label would have hurt the drug's chances to compete against Sanofi-Aventis (NYSE: SNY  ) and Bristol-Myers Squibb's (NYSE: BMY  ) blockbuster Plavix.

As for approval, the slow and underfunded FDA has delayed so many drugs over the past year that I've lost count. Everyone from Pfizer (NYSE: PFE  ) to Johnson & Johnson (NYSE: JNJ  ) to much smaller Amylin Pharmaceuticals (Nasdaq: AMLN  ) has felt the effects of the FDA's lag. Theravance (Nasdaq: THRX  ) had a panel meeting about its antibiotic telavancin back in November, and the FDA still hasn't rendered a decision. So even though approval should be a boon for Lilly, the company probably doesn't need to check its mailbox anytime soon.

Further Foolishness:

Pfizer and Johnson & Johnson are Motley Fool Income Investor recommendations. To see how dividend-paying stocks can offer both secure income and the opportunity for growth, take a free look at this newsletter service with a 30-day free trial.

Fool contributor Brian Orelli, Ph.D., doesn't own shares of any company mentioned in this article. The Fool owns shares of Pfizer, which is also an Inside Value selection. The Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (8)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 824569, ~/Articles/ArticleHandler.aspx, 10/25/2016 8:14:34 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 10 hours ago Sponsored by:
DOW 18,223.03 77.32 0.43%
S&P 500 2,151.33 10.17 0.47%
NASD 5,309.83 52.43 1.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/24/2016 4:00 PM
LLY $77.57 Down -0.68 -0.87%
Eli Lilly and Co. CAPS Rating: ***
AMLN.DL $0.00 Down +0.00 +0.00%
Amylin Pharmaceuti… CAPS Rating: **
BMY $49.23 Down -0.79 -1.58%
Bristol-Myers Squi… CAPS Rating: ****
JNJ $113.61 Up +0.17 +0.15%
Johnson and Johnso… CAPS Rating: ****
PFE $32.13 Down -0.05 -0.16%
Pfizer CAPS Rating: ****
SNY $37.76 Up +0.01 +0.03%
Sanofi CAPS Rating: *****
THRX.DL $0.00 Down +0.00 +0.00%
Theravance CAPS Rating: **