Drug Makers Say FDA Safety Focus Is Slowing New-Medicine Pipeline  
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Drug Makers Say FDA Safety Focus Is Slowing New-Medicine Pipeline

online.wsj.com

Nearly four years after Merck & Co. yanked the painkiller Vioxx off the market, beleaguered pharmaceutical-industry executives say they are facing a tough new regulatory climate that is altering the landscape of drug development. Over the past 16 months, Schering-Plough Corp. Chief Executive Fred Hassan and his top scientists have pulled the plug on two drug-development projects -- one for obesity and the other for cholesterol -- that had the potential to produce big sellers. And they're considering scrapping a third.

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