Monday, May 21, 2007
Glaxo (GSK) Getting Smaxo'd
Big slide in GSK today on this development: Diabetes drug Avandia linked higher death risk (for the benefit of my fellow diabetics). Perhaps that's the best cure nowadays, kill the patient? This is a drug I couldn't tolerate to begin with because it caused edema (not to be confused with the Funky Cold Medina). Merck (MRK) has a newer competing diabetes drug called Januvia (wasn't that a planet in an original Star Trek episode?) and MRK shares are near the highs of the day on word that Avandia might raise the risk of a visit from the Grim Reaper (now a regular on Fox's Family Guy cartoon sitcom).