National Survey by American Medical Association and Medco Shows Physicians See Value in Genetic Testing; Cite Need for Greater Education to Put it into PracticeHONOLULU, Oct. 23 /PRNewswire-FirstCall/ -- Medco Health Solutions, Inc.(NYSE: MHS) and the American Medical Association (AMA) today announced the findings of a national benchmark survey on physicians' acceptance, use and education regarding pharmacogenomic testing. The survey revealed that physicians almost unanimously recognize the role that genes play in affecting a patient's drug response; however, few felt they had the necessary training and education to prescribe genetic tests that could provide valuable information to guide the prescribing and dosing of medications. Pharmacogenomic tests analyze a person's genetic make-up to determine how they metabolize certain medications; using this genetic information can help improve the safety and effectiveness of drug therapies. The survey findings, based on responses from more than 10,000 physicians nationwide, were presented at the 59th Annual American Society of Human Genetics (ASHG) Conference. Results from the survey found that only 26 percent (about one in four) of physicians have had any type of education in the field known as pharmacogenomics (PGx), and only 10 percent of physicians currently believe they have the necessary information and training to put pharmacogenomics testing to use. In addition, while the survey found that only 13 percent of physicians had ordered or recommended PGx testing for their patients in the preceding six months, more than 26 percent planned to do so within the next six months. Among total respondents, 10 percent reported that PGx tests had benefited their patients by improving drug effectiveness, and another 10 percent said their patients benefited from reduced drug toxicity due to testing. "This research generates important insight about where physicians stand on pharmacogenomic testing," said Dr. Robert Epstein, Medco's chief medical officer. "It's clear that there is wide acceptance that genetic testing has a role in patient care, but the need for formal training and education among physicians is necessary to obtain greater adoption and implementation of these tests in clinical practice. This survey with the AMA is the first to identify the role that education can play in physician use of these tests to improve patient care; and with the number of new drugs coming to market with a companion diagnostic, it's paramount that this education take place." Other survey findings show that physicians who feel well-informed about PGx testing are more than twice as likely to recommend or order a genetic test. Physicians who currently use genetic tests tend to be older males who have been out of medical school for 15 to 29 years and oncologists. "The ability of genetic technology to assist in diagnosis and appropriate therapy is well-recognized, and the AMA has been involved in assisting physicians in integrating genetic technology into routine clinical practice for several years," said AMA Board of Trustees Member Joseph P. Annis, M.D. "The AMA is committed to providing education and resources to physicians in this growing and important area of medical science so that they can appropriately use genetically-based technology, such as pharmacogenomic testing." The Present and Future of Genetic Testing In the future, even more drugs may be linked to genetic tests. From the second half of 2009 through the first half of 2010, seven drugs paired with genetic tests are expected to be up for FDA approval, as well as approximately 10 to 20 percent of new drugs being labeled with PGx-related information over the next five-to-ten years. In particular, the field of oncology will see many more of these drugs in the coming years, with roughly 50 percent of cancer drugs in the pipeline expected to be orally administered by 2013 and 85 percent of those will rely on a genetic biomarker. For more information about the survey and ASHG presentation, please visit www.medcoresearch.com. About Medco With more than 20,000 employees dedicated to improving patient health and reducing costs for a wide range of public and private sector clients, and 2008 revenue exceeding $51 billion, Medco ranks 45th on the Fortune 500 list and is named among the world's most innovative, most admired and most trustworthy companies. For more information, go to http://www.medcohealth.com . This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release should be evaluated together with the risks and uncertainties that affect our business, particularly those mentioned in the Risk Factors section of the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. SOURCE: Medco Health Solutions, Inc. Web site: http://www.medcohealth.com/ |