Showing posts with label health care reform rational markets Seeking Alpha Steinberg JimEdwards BNET Pharma August 17 2009. Show all posts
Showing posts with label health care reform rational markets Seeking Alpha Steinberg JimEdwards BNET Pharma August 17 2009. Show all posts

Monday, August 17, 2009

Two Perhaps Rather Obvious Points -- But Ones Well-Made, Nonetheless. . . .


Michael Steinberg, over at SeekingAlpha, has a health care reform piece up, this morning, extolling the virtues of a (presently non-existent) more-rational market for health care delivery. No news in any of his observations, but this caught my eye -- and, it bears repeating here:

. . . .I felt compelled to write this article after carefully reading Merck and Schering-Plough’s advertisement in my Sunday newspaper. The soon to be merged companies state in bold type: “Vytorin has not been shown to reduce heart attacks or strokes more than Zocor alone.” Zocor is already available as a generic, so you would have to be brain dead to believe that any participant in a rational free market would select Vytorin without adverse financial incentives to doctors and patients. And that’s without even considering the potential adverse effects of Vytorin. . . .

Do go read all of Mr. Steinberg's, but that -- in a nutshell -- is why health care reform is going to be so hard. And divisive -- at least among the various competing (monied) vested interests.

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Now, on an only-partially-related note -- Jim Edwards, over at Bnet Pharma, has a new piece up, on why Leerink Swann thinks Arbiter 6 HALTS (more background) is very-likely a complete train-wreck for Zetia's prospects. Do go read his -- but here is a snip, from the Leerink Swann letter:
. . . .Commercial importance of ARBITER 6 to Zetia/Vytorin should not be ignored. Consultants point out that a negative outcome could have more impact on Zetia/Vytorin than we believe since:

(1) a negative outcome would make ARBITER 6 the third study where Zetia/Vytorin failed to demonstrate superiority on the primary endpoint; and

(2) the difference in effect on atherosclerosis may be substantial given the short treatment duration. Another risk is if the data are championed by Steve Nissen. A win for Zetia seems like a low probability but would be a major surprise relative to expectations. . . .

Do go read his.