ISSN 2330-717X

Patient Dies During Novartis Clinical Trial

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Swiss pharmaceutical company Novartis says it has stopped clinical trials for a new hepatitis drug after the death of a patient.

The Basel-based company informed the US Food and Drug Administration (FDA) of “a small number” of pancreatitis cases and one death among patients taking the drug alisporivir and other medication to treat hepatitis C.

Novartis said in a statement on Thursday that it had been notified by the FDA that clinical trials of the drug would be put on hold. Pancreatitis is the inflammation of the pancreas.

The company’s net profit fell seven per cent in 2011 to $9.25 billion (SFr8.59 billion), despite sales increasing 16 per cent to $58.57 billion.

Like many other global drugmakers, Novartis is cutting costs as the industry faces its biggest wave of patent expiries.

It will announce its first quarter results for 2012 on Tuesday.

SwissInfo

SwissInfo

swissinfo is an enterprise of the Swiss Broadcasting Corporation (SBC). Its role is to inform Swiss living abroad about events in their homeland and to raise awareness of Switzerland in other countries. swissinfo achieves this through its nine-language internet news and information platform.

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