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In a statement ahead of the panel vote, Dr. Sidney Wolfe, director of Public Citizen's health research group, said the FDA should eventually reject Contrave because of safety concerns.
"The diet pill Contrave is the latest in a long line of dangerous and, ultimately, failed weight loss drugs," he said in a statement, citing drugs that have been pulled from the market, including fen-phen.
He said his main concern with Contrave is the potential for heart-related side effects. Part of the drug's formula, bupropion, is already known to increase blood pressure.
The drug, if approved by the FDA, would be a boon to La Jolla, Calif.-based Orexigen, which does not currently have a marketed product.
The safety concerns, particularly over heart-related side effects, were not a surprise to the company, said Orexigen President and CEO Michael A. Narachi, in an interview with The Associated Press following the vote.
"The meeting today was incredibly valuable across the board on the input," he said. "We look forward to incorporating the input we got today to move the program forward."
Orexigen's stock had been halted throughout the day ahead of the panel meeting and vote. It later rocketed 155 percent to $4.87 in after-market trading.
Meanwhile, shares of Arena surged 17 cents, or 12 percent, to $1.58 in after-hours trading after gaining 3 cents to close the regular session at $1.41. Shares of Vivus jumped 85 cents, or 11 percent, to $8.65 in after-hours trading after rising 75 cents, or 10.6 percent, to close the regular trading session at $7.80.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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