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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Health

Why ‘Female Viagra’ Is Not Selling

Robert Hackett
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Robert Hackett
Robert Hackett
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Robert Hackett
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Robert Hackett
Robert Hackett
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November 17, 2015, 10:03 AM ET
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a tablet of flibanserin sits on a brochure for Sprout Pharmaceuticals Photograph by Allen Breed — AP
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It’s hard to compare Addyi, the recently FDA-approved female libido-boosting drug, to Pfizer’s (PFE) Viagra, the male sexual-enhancing blockbuster that has treated erectile dysfunction since 1998.

Addyi (also known as flibanserin), developed by Sprout Pharmaceuticals, which was acquired by Valeant Pharmaceuticals (VRX) in August, hasn’t been around all that long—the treatment debuted only last month—but still, its preliminary numbers don’t bode well.

Prescriptions number 227, Bloomberg reports, while in the first month that Viagra hit the market, Pfizer counted nearly 600,000 male patients as customers, according to data from IMS Health.

Why the disparity? It may have to do with Addyi’s high pricing (on par with Viagra at $26 per pill without an assistance program), its daily intake requirement (unlike Viagra, it adds up to $780 per month), its potentially deleterious side effects (low blood pressure and fainting), its restrictions on alcohol consumption (abstinence vs. large quantities not recommended for Viagra patients), a 10% efficacy rate (whereas Viagra works 50% of the time compared to a placebo, according to a recent study), and its subtle neurotransmitter-targeting mechanism (contrast that to the obvious hydraulics of Viagra).

Nevertheless, Sprout CEO Cindy Whitehead told Bloomberg via email: “We are proud that Sprout has been able to launch Addyi just two months after FDA approval, and we are confident in where we stand just a few short weeks after coming to the market.”

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For more on the “female Viagra” pill, watch the video below.

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