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Propecia Lawsuits Skyrocket As Sales Of Merck's Risky Baldness Drug Decline

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Despite Justin Bieber's recent plea for Prince William to pop Propecia, the perilous hair-loss drug is losing market share at a double-digit pace—while gaining furious customers at a triple-digit clip.

 

According to Merck's quarterly report (SEC Form 10-Q) for the period ended June 30, 2012, Propecia sales totaled $100 million, compared to $112 million for the same period in 2011. That makes for a decline of about 10.5 percent.

 

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Meanwhile, the number of plaintiffs who have filed lawsuits against the pharmaceutical giant, alleging "that they have experienced persistent sexual side effects following cessation of treatment with Propecia and/or Proscar [the same drug, finasteride, in a higher dose, to treat enlarged prostate]" has risen significantly.

 

For the quarter ended March 31, 2012, Merck reported "approximately 80 lawsuits involving a total of approximately 175 plaintiffs." And for the quarter ended June 31, 2012, the total number of lawsuits escalated to 200, while total plaintiffs jumped to 325.

 

That's a 150-percent rise in the number of lawsuits, and an 86-percent rise in plaintiffs.

 

This downturn in Propecia sales and upturn in lawsuits comes in the wake of two new studies by Dr. Michael Irwig of George Washington University on the controversial medication's long-terms dangers.

 

The first study, published July 12 in The Journal of Sexual Medicine, reported that 96 percent of the 54 young, previously healthy Propecia patients examined by Dr. Irwig suffered sexual dysfunction for more than a year after quitting the drug.

 

The second study, published last week in The Journal of Clinical Psychiatry, showed that nearly 44 percent of the 61 young, previously healthy Propecia patients reported suicidal thoughts, while 36 percent had severe symptoms of depression.

 

“This study has very important messages when you’re looking at something like suicide and suicidal ideations,” Dr. Irwig, told FoxNews.com. "How many deaths from a medication do you really need to be considered important enough and to change [warning] labels?”

 

Complete hair loss article

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depression can be caused by so many things - very dubious to link them to Propecia. And it's only one doctor doing these studies. Who knows who he is or if he has an agenda

 

I hope these lawsuits get thrown out of court, people just see them as an opportunity to get some money

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