The first new weight-loss pill in a decade moved closer to U.S. approval on Tuesday, when a panel of expert advisers backed Orexigen Therapeutics's Contrave despite heart risk concerns. It was the third new weight-loss drug to come before U.S. regulators this year, the Food and Drug Administration having rejected two rival medicines in October.
Orexigen's stock more than doubled to $12.20 from Monday's close of $4.76 when it reopened in after-hours trade Tuesday. Shares of competitors Vivus Inc and Arena Pharmaceuticals Inc also rose, as investors bet Contrave's approval could revive their fortunes.
U.S. advisers back first new diet pill in a decade despite heart risk concerns
1st wrongful death chewing tobacco deal reached
A smokeless tobacco company has agreed to pay $5 million to the family of a man who died of mouth cancer in what the family's attorney and an expert called the first wrongful death settlement from chewing tobacco. Attorney Antonio Ponvert III told The Associated Press on Tuesday that U.S. Smokeless Tobacco Co. agreed to pay $5 million to the family of Bobby Hill of Canton, N.C.
"This company manufactures and sells a dangerous and defective product that it knows causes addiction, disease and death in consumers who use it as intended," Ponvert said. The company, which makes Copenhagen and Skoal brands and was headquartered in Greenwich, Conn. before it was acquired by Altria last year, confirmed the settlement in a regulatory filing, but declined further comment.
Stem cell finding could reverse ravages of multiple sclerosis
Scientists have discovered a way to repair damaged nerves with stem cells which could give hope to tens of thousands of multiple sclerosis sufferers. The British researchers say their findings could lead to the development of drugs that repair nerves in the brain and spinal cord and potentially reverse some of the symptoms of MS. Almost 100,000 Britons suffer from MS, an incurable disease that causes loss of mobility, sight problems, tiredness and excruciating pain.
It becomes progressively worse and many sufferers are left confined to wheelchairs or mobility scooters. It is caused by damage to myelin, the substance that surrounds all nerves in the brain and spinal cord. This impairs the way messages are transmitted from the brain to the rest of the body.
Calif approves use of pesticide linked to cancer
California regulators approved a pesticide Wednesday for use by fruit and vegetable growers despite heavy opposition from environmental and farmworker groups that cited its links to cancer.
The state Department of Pesticide Regulation will register methyl iodide as a substitute for the pesticide methyl bromide, which is being phased out by international treaty because it depletes the Earth's protective ozone layer.
Index finger length prostate cancer clue
The length of a man's fingers can provide clues to his risk of prostate cancer, according to new research. A British Journal of Cancer study found men whose index finger was longer than their ring finger were significantly less likely to develop the disease.
Researchers made the discovery after comparing the hands of 1,500 prostate cancer patients with 3,000 healthy men. The length of the fingers is fixed before birth and is thought to relate to sex hormone levels in the womb.
Psychiatric researcher pleads guilty to research fraud
A psychiatrist on the payroll of GlaxoSmithKline has been sentenced to 13 months in prison after pleading guilty to committing research fraud in trials of the company's antidepressant Paxil on children.
The case's significance goes beyond simple research fraud, as Glaxo is now defending itself against charges that for 15 years it deliberately concealed evidence that Paxil increases the risk of suicide in children.
Why do One in Ten Kids in the U.S. Have ADHD?
A U.S. government survey claims that 1 in 10 U.S. children now has ADHD. This is a sizable increase from a few years earlier. ADHD (attention deficit hyperactivity disorder) makes it hard for children to pay attention and control impulsive behavior.
About two-thirds of the children diagnosed with ADHD are on some form of prescription medication.
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