Fish-Oil Pills Lure Drugmakers Even as Benefits Unproven
Heart disease remains the world's biggest killer, accounting for 30 percent of global deaths, even as statins and other treatments have become more widely used. Now that Lipitor and many other statins have cheaper, generic competitors, drugmakers are looking for new ways to tackle the array of conditions that can lead to heart disease, including coupling triglyceride treatments with existing cholesterol-lowering pills for a one-two punch.
The number of people with elevated triglyceride levels is rising rapidly across the world, due in part to the increasing prevalence of obesity and diabetes, AstraZeneca Chief Executive Officer Pascal Soriot said when he bought fish-oil pill maker Omthera Pharmaceuticals Inc. for $443 million last month. ?There is a clear need for effective and convenient alternatives to some of the existing treatments.
Eoin Treacy's view Subscriber's have kindly been sending
through accounts of their experience with statins and other healthcare products
for more than a week now, highlighting just how emotive a subject this is. The
holy grail of personalised medicine holds great promise but has not yet arrived.
In the meantime heart disease is likely to remain a powerful investment.
Among
the companies mentioned in the above article GlaxoSmithKline
has the most interesting chart pattern. It. pulled back sharply from its May
peak but found support this week in the region of the 200-day MA and a sustained
move below it would be required to check potential for some higher to lateral
ranging with a view to medium-term recovery.
While
Bristol Myers Squibb has a broad suite
of products, one of its area of focus is combating heart disease. The share
completed an almost decade long base in 2011 and formed an 18-month first step
above it before reasserting demand dominance a year ago. It had become quite
overextended relative to the 200-day MA by May and the reaction to date is relatively
similar sized to that posted in January. A sustained below the 200-day MA, currently
near $40 would be required to begin to question medium-term upside potential.