FDA Panel Says Popular OTC Cold, Allergy Medicine Might Be Useless - Stocks To Watch
Portfolio Pulse from Vandana Singh
An FDA panel has unanimously voted against the effectiveness of phenylephrine, a drug ingredient used in several leading decongestants. If the FDA follows the panel's recommendations, companies like Johnson & Johnson, Kenvue Inc, Bayer AG, GSK Plc's Haleon Plc, Procter & Gamble Company, Reckitt Benckiser Group and others may have to pull their oral medications containing phenylephrine from store shelves. This could also impact pharmacy retailers like CVS Health Inc, Walgreens Boots Alliance Inc, and Rite Aid Corp.
September 12, 2023 | 8:06 pm
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NEGATIVE IMPACT
Bayer AG may have to pull its oral medications containing phenylephrine from store shelves if the FDA follows the panel's recommendations.
The FDA panel's vote against the effectiveness of phenylephrine could lead to regulatory action requiring Bayer AG to pull related products from store shelves, potentially impacting sales and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
CVS Health Inc could see some impact if the FDA deems phenylephrine ineffective and related products are pulled from store shelves.
If the FDA deems phenylephrine ineffective and related products are pulled from store shelves, CVS Health Inc could see a decrease in sales and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
GSK Plc's Haleon Plc may have to pull its oral medications containing phenylephrine from store shelves if the FDA follows the panel's recommendations.
The FDA panel's vote against the effectiveness of phenylephrine could lead to regulatory action requiring GSK Plc's Haleon Plc to pull related products from store shelves, potentially impacting sales and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Johnson & Johnson may have to pull its oral medications containing phenylephrine from store shelves if the FDA follows the panel's recommendations.
The FDA panel's vote against the effectiveness of phenylephrine could lead to regulatory action requiring Johnson & Johnson to pull related products from store shelves, potentially impacting sales and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Kenvue Inc may have to pull its oral medications containing phenylephrine from store shelves if the FDA follows the panel's recommendations.
The FDA panel's vote against the effectiveness of phenylephrine could lead to regulatory action requiring Kenvue Inc to pull related products from store shelves, potentially impacting sales and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Procter & Gamble Company may have to pull its oral medications containing phenylephrine from store shelves if the FDA follows the panel's recommendations.
The FDA panel's vote against the effectiveness of phenylephrine could lead to regulatory action requiring Procter & Gamble Company to pull related products from store shelves, potentially impacting sales and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Rite Aid Corp could see some impact if the FDA deems phenylephrine ineffective and related products are pulled from store shelves.
If the FDA deems phenylephrine ineffective and related products are pulled from store shelves, Rite Aid Corp could see a decrease in sales and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Reckitt Benckiser Group may have to pull its oral medications containing phenylephrine from store shelves if the FDA follows the panel's recommendations.
The FDA panel's vote against the effectiveness of phenylephrine could lead to regulatory action requiring Reckitt Benckiser Group to pull related products from store shelves, potentially impacting sales and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Walgreens Boots Alliance Inc could see some impact if the FDA deems phenylephrine ineffective and related products are pulled from store shelves.
If the FDA deems phenylephrine ineffective and related products are pulled from store shelves, Walgreens Boots Alliance Inc could see a decrease in sales and revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100