Loading...
Business

Irvine-Based Botox Company Transcends Plastics, Sells Shares After FDA Approves Face-Plumper For Use On Chronic Migraines

Comments (0)

By

Mon, Oct 25, 2010 at 10:35 AM

click to enlarge I think I've got a migraine in my crow's feet too, Doc - TOPNEWS.IN
  • TopNews.in
  • I think I've got a migraine in my crow's feet too, Doc
Stock-market hawks saw this one from a mile away.

Allergan shares jumped over 5 percent last week, after the U.S. Food and Drug Administration approved its anti-wrinkle housewife staple Botox for use on chronic migraine headaches.

Ironic, seeing as the Irvine drug company just lost $600 million in an October lawsuit that accused them of marketing their product for unapproved uses -- such as, well, treating migraines. But that settlement is chump change next to the extra $1 billion per year they're expecting to make on the new, improved Botox franchise.

Equally ironic:

The Italian National Research Council's Institute of Neuroscience warned consumers in 2008 that Botox could be dangerous if it spread from the face to the brain. The same year, 16 deaths by Botox were reported to the FDA, due to unexpected spread of the drug to other parts of the body. Then there's the fact that possible side effects of Botox include -- get this -- chronic headaches.

Currently, Botox is Allergan's No. 1 cash cow, bringing in over a quarter of its total revenue.

Side-note for animal lovers (if lab mice can be considered animals): Discovery of the new treatment could have something to do with the massive spike in Botox animal testing from 2003 to 2008. According to Humane Society International, the tests kill tens of thousands of mice per year.

Let us know: Would you consider tossing your Migranal prescription for some Botox to the dome?

Related Content

Related

Now Trending

  • Sexual Predator Is Targeting Females in Eastside Park

    A sexual predator is on the loose in an Eastside park, police warned today. Cops say the creep has targeted "lone females" walking in Ernest E. Debs Regional Park three times between January and July. He has groped, exposed himself and even attacked with a knife, the Los Angeles Police...
  • Foster the People's Downtown L.A. Mural Is Coming Down

    The controversial Foster the People mural downtown is coming down, the office of L.A. Mayor Eric Garcetti announced today. Despite claims by the pop band that it had necessary permits and that the artwork was legitimately produced, the mayor's office states what we reported previously: The piece is on a...
  • U.S. Reps Call For Federal Intervention in Dodger TV Blackout

    A group of local U.S. representatives wants the Federal Communications Commission to help end Time Warner Cable's blackout of Dodger games for competing cable and satellite providers. Negotiations to bring the team's games to AT&T U-verse, Charter Communications, Cox Communications, DirecTV, Dish Network, Mediacom, Suddenlink Communications and Verizon FIOS have gotten...
    2
Los Angeles Concert Tickets

Slideshows

  • Street League Skateboarding Super Crown World Championship
    On Sunday, Street League Skateboarding touched down in the Galen Center at USC as part of a four-stop tour for SLS's Super Crown World Championship. The L.A. stop determined the roster for Super Crown, airing August 24th on FOX Sports 1. The final eight are Nyjah Huston, Luan Oliveira, Torey Pudwill, Shane O'Neill, Paul Rodriguez, Chaz Ortiz, Matt Berger and Ishod Wair. All photos by Nanette Gonzales.
  • Comic-Con's "Celebrity" Autograph Area
    A sometimes overlooked (but still incredibly unique) aspect of San Diego Comic-Con are the celebs available to sign autographs, as well as the autograph seekers themselves. If you've ever wanted to meet the Soup Nazi from Seinfeld or the guy who played Michelangelo in the original Teenage Mutant Ninja Turtles, chances are, as you wander the Autograph Area, you'll be able to connect with someone you didn't even realize you were waiting your whole life to meet! All photos by Rob Inderrieden.
  • Real Madrid Soccer Practice at UCLA
    Fans came out to greet world champion soccer team Real Madrid as they practice at UCLA. This is the first time that soccer star Cristiano Ronaldo has practiced with the team this year. All photos by Jeff Cowan.