Mar 22, 2010 2:36 PM
A variety of pills and supplements are on the market claiming to help with weight loss, but a Silicon Valley company has submitted a drug for Federal and Drug Administration approval that it says could help obese people lose 10 to 15 percent of their body weight within a year.
"We believe we have the first product that actually treats the cause of these diseases," said Peter Tam, president of Vivus, a biotech company with what could soon be the next blockbuster drug.
Called "Qnexa," it is a once daily pill to fight high blood pressure, diabetes, high cholesterol and obesity.
"So far, all the treatments that are available right now are able to achieve 3-5 percent of weight loss. We are the first treatment that is capable of achieving 10-15 percent weight loss within one year," said Tam.
Qnexa still needs final FDA approval before it can be sold.
Tam said the company expects to hear by October.
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