The business stories that matter, by Fortune's Colin Barr
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February 25, 2008, 10:47 pm

Pfizer pulls Lipitor ads

Pfizer (PFE) pulled a series of commercials in which a well-known scientist touted its cholesterol-busting drug Lipitor. The spots featured Dr. Robert Jarvik, who came to fame in the 1980s after inventing an artificial heart. His inventing prowess aside, it turns out Jarvik isn’t a licensed heart doctor - a fact that led some members of Congress to criticize the Pfizer ads. “It seems that Pfizer’s No. 1 priority is to sell lots of Lipitor, by whatever means necessary, including misleading the American people,” U.S. Rep. John Dingell said.

In response, the New York-based drugmaker said Monday it would pull the ads and seek “greater clarity in our advertising regarding the presentation of spokespeople.” The decision is a big one for the company: The New York Times reports Pfizer spent $258 million between January 2006 and September 2007 on the Jarvik campaign, as cheaper generic drugs threatened to make inroads into Lipitor’s lucrative market.

Jarvik’s qualifications to discuss heart medicine weren’t the only questionable aspect of the ads. A story in the Times earlier this month noted that one spot that appeared to depict Jarvik rowing was actually shot using an actor. “He’s about as much an outdoorsman as Woody Allen,” a colleague said of Jarvik. And about as much of a cholesterol expert, it now seems.

This relationship of some doctors with drug companies now borders on the criminal. Something has to be done. When you go in a doctors office and see posters, tablets, pens, and everything else with a particular drugs name on it, run for the hills, or ask this doctor WHY he is prescribing it.

There should be legislation to stop these free lunches, speaking fees, educational seminars, and all the rest of the fraudulent activity that is bribery no matter how one slices it. That drug companies do this should come as no surprise. They would kill you for a buck and to meet Wall Streets expectations. The doctors , hopefully, should know better.

Posted By Mark, Williamsburg Virginia : February 26, 2008 4:04 pm

Thank God they’re pulling those awful annoying ads. I hated them. Every time Jarvik came on I wanted to throw something at my TV.

Posted By Steve G., Phoenix, AZ : February 26, 2008 11:28 am

The real problem is that Lipitor, and most other cholesterol medicines, just doesn’t work. Their own literature shows that it prevents just one heart attack when compared to a placebo over the study period. Two other heart attacks still occurred. So, for $100 a month, 99 out of 100 people would be just as well off taking a placebo as compared to the drug. But they’d be $100 richer.

Posted By JPCummings, Kansas City, KS : February 26, 2008 7:59 am
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Colin Barr covers business and finance for Fortune.com. Previously he was an editor at TheStreet.com and author of the weekly Five Dumbest Things on Wall Street column, and an editor at Dow Jones Newswires.
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