ABC Money
Home

Doctors aim to loosen anemia drug limits


Published :
Fri, 31 Aug 2007 22:03
By : Agencies
Print this Story


AddThis Social Bookmark Button

WASHINGTON (AP) - Cancer doctors seek to loosen federal restrictions on anemia drugs that carry potentially deadly side effects, saying the tight payment guidelines for treatments made by Amgen and Johnson and Johnson are ultimately bad for patients.

The American Society of Clinical Oncology says guidelines issued last month by the Medicare program interfere with physicians' ability to treat patients with the blood disorder anemia, which causes weakness and shortness of breath.

The rules state that doctors will only be reimbursed if they use low levels of the drugs, which the government believes could reduce the risks of death and heart trauma that emerged earlier this year.

Physicians use Amgen's Aranesp and Johnson and Johnson's Procrit to raise patients' red blood cell levels.

'Some of our members are being forced to turn away patients who received these drugs under the old rules, but can't under the new rules,' said Dr. Joseph Bailes, the group's chief of government relations.

The society sent a letter to the Centers for Medicare and Medicaid Services Thursday, asking them to suspend the payment policy. The agency, which provides health care to 80 million Americans, reimburses doctors for administering anemia drugs, which are usually injected at doctors' offices.

Safety concerns about anemia treatments have pummeled Amgen's stock price this year, contributing to a 24 percent decline since March. Earlier this month the Thousand Oaks-based, Calif. company said it would lay off 2,600 employees to offset weak sales of Aranesp, which fell 10 percent in the last quarter.

Aranesp was the company's best-selling drug last year with $4.1 billion in sales, or nearly a third of total revenue.

Johnson & Johnson recorded $3.2 billion in Procrit sales last year, though the company is less dependent on the drug because of its size and diversification.

Medicare changed the drugs' reimbursement guidelines after federal health regulators added warnings to their labels in March, cautioning that using too much can increase risk of blood clots, heart attack and death.

Doctors can only be reimbursed under the new policy if they keep a patient's hemoglobin level, a measure of red blood cells, at or below 10 grams per deciliter. Under the old policy doctors could raise hemoglobin levels up to 12 grams per deciliter.

In its letter to the government, the society argues there is no scientific evidence that the reduced dosing policy is safer for patients. The group also points out that the current labeling approved by the Food and Drug Administration says the drugs are safe up to the higher 12 gram per deciliter threshold.

While FDA is considering revising that labeling, a panel of outside advisers in May recommended against lowering the drugs' dosing regimens. FDA does not have to follow the panel's advise, though it usually does.

The society, which represents about 25,000 physicians, argues CMS should wait until FDA wraps up its review before making new guidelines permanent.

Medicare officials did not immediately return calls seeking comment for this story. The agency generally does not revise rules after they are put in place, though it continues to take public comments.

The American Society of Hematology, which represents blood disease specialists, said Friday it would submit a similar request to Medicare next week.

Shares of Amgen Inc. fell 8 cents to $50 Friday. Johnson & Johnson shares rose 19 cents to $61.79.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




Share on


 You Might Like
Docs seek easing of anemia drug policy
Amgen to cut up to 2,600 jobs
+
Gov't limits payments for anemia drugs

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
8829.04
+102.43 ( 1.17 %)
NASDAQ
1535.57
+3.47 ( 0.23 %)
FTSE 100
4038.45
-249.56 ( -5.82 %)

SYMBOL ( 2007-09-26 )
LAST
CHANGE
NORTHERN ROCK ( 11:35am )
182.00
+19.04 ( 11.20 %)
SCOTTISH & NEWCASTLE ( 11:35am )
632.50
+7.50 ( 1.20 %)
HANSON ( 12:41pm )
1099.00
+3.00 ( 0.27 %)
AMVESCAP ( 11:35am )
607.50
+2.50 ( 0.41 %)
SLOUGH ESTATES ( 4:35PM )
746.00
+2.50 ( 0.34 %)

SYMBOL ( 2008-11-28 )
LAST
CHANGE
CATERPILLAR INC ( 1:01pm )
40.99
+1.66 ( 4.23 %)
COCA COLA CO ( 1:03pm )
46.87
+1.49 ( 3.30 %)
BOEING CO ( 1:02pm )
42.63
+1.35 ( 3.28 %)
CITIGROUP INC ( 1:00pm )
8.29
+1.24 ( 16.64 %)
PROCTER GAMBLE CO ( 1:00pm )
64.35
+1.19 ( 1.89 %)

SYMBOL ( 2008-11-28 )
LAST
CHANGE
MITSUI & CO LTD ( 1:00pm )
178.42
+22.48 ( 13.90 %)
ARDEN GROUP INC ( 12:57pm )
135.75
+8.79 ( 7.24 %)
K-TRON INTERNATIONAL INC ( 1:00pm )
71.95
+7.71 ( 12.25 %)
GLADSTONE COMML ( 1:00pm )
12.81
+3.59 ( 35.20 %)
GYRODYNE CO AMER ( 12:55pm )
32.59
+3.37 ( 10.47 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.