Maintenance. We are currently updating the site. Please check back shortly

Thomson Reuters Foundation

Inform - Connect - Empower

J&J says halting development of Botox rival

Source: Reuters - Fri, 11 Apr 2014 22:17 GMT
Author: Reuters
hum-dis
Tweet Recommend Google + LinkedIn Email Print
Leave us a comment

April 11 (Reuters) - Johnson & Johnson said on Friday it was ending its efforts to bring to market a rival drug to Allergan Inc's popular Botox anti-wrinkle treatment.

J&J had acquired the drug, PurTox, with its 2009 purchase of Mentor, a leading maker of breast implants for cosmetic augmentation and reconstructive surgery.

"After careful consideration, our Mentor business has decided to discontinue its neurotoxin program, commonly known as PurTox, in order to focus on its core breast surgery business, where we are an established leader and see greater opportunities to benefit patients and grow our business," J&J spokesman Thomas Sanford said in an emailed statement.

Ending the PurTox development program will result in the elimination of a small number of jobs in the United States, the company said.

Botox is Allergan's biggest selling product with annual sales of more than $2 billion and little serious competition.

The drug is primarily used cosmetically via injections to erase wrinkles on the forehead. It has also been approved for several medical uses such as to treat overactive bladder, migraine headaches, upper limb spasticity and severe underarm sweating.

J&J declined to say whether it would take a charge associated with halting the anti-wrinkle drug development. The company is expected to report first quarter financial results next week. (Reporting by Bill Berkrot)

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus