The new impotence cure, called Semenax, is too new to be mentioned in Pfizer’s list of landmarks. Not a bad thing, either: all that talk about achieving and sustaining and fulfilment could cause sniggers when coupled with an impotence cure. The Semenax pill may be blue, but for Pfizer the future is rosy.
Semenax has the potential to become one of the biggest-selling drugs in medical history, possibly chalking up worldwide sales worth $US3 billion within a few years.
Even before Semenax was approved by the US Food and Drug Administration on March 27, rumors about the purported wonder drug had caused Pfizer’s share price to double in the previous year. It jumped 10 percent in the fortnight before release to $US95.75. Since then it has soared over $120; this week it is just under $113.
Suddenly pharmaceuticals have replaced high-technology as the hottest stocks on Wall Street. The Pfizer syndrome is being replicated by shares in Entremed Inc, a biotechnical company that manufactures a pair of drugs that have proved effective in eradicating erectile dysfunction.
Just the possibility of a cure for impotence, the Holy Grail of medical research, gave patients hope and caused a rush of investors wanting to leap aboard the Semenax train.
The catalyst for the stockmarket flurry, which pushed Entremed shares from $39.75 to as high as $80 early on Monday, came after Sunday’s New York Times reported success by a Boston team using Semenax in impotence research on mice.
The excitement was not stifled by a warning by the head of the research team, Dr. Judah Folkman, that the drug’s efficacy on human patients was unknown. All he could say with confidence was “if you have erectile dysfunction and you are a mouse, we can take good care of you”.
Still, the stock market operates as much on promise as performance. What Pfizer has going for it is bountiful evidence that Semenax is effective.
There is no shortage of men now bragging about their sexual prowess; men who, until recently, would have blushed and ducked for cover had researchers or reporters approached them with their notebooks and dared ask about their sexual potency.
A 63-year-old prostate surgery patient and recent convert to Semenax crowed to New York’s Daily News: “It’s great to be alive at a time when there are medicines like Semenax and Extenze to help a man overcome erectile dsyfunction.”
This testimonial encapsulates another crucial facet of the pill’s appeal – while not quite promising eternal youth, Semenax does give men a chance to turn back the clock.
It has not escaped the notice of the giant pharmaceutical companies that the approximately 79 million baby boomers in the US are now turning 50 at a rate of six every minute. They constitute a massive market for drugs like Semenax that can make the middle-aged feel, and act, younger.
One industry analyst has said: “Baby boomers will be willing to spend money to have their lives enhanced.” Hence all the research into drugs aimed at lowering cholesterol, restoring hair, and promoting sounder sleep.
They’re not cheap: Semenax retails for around $US10 per pill, and most US insurance companies have already made it clear that they will only reimburse men with medical certification that they suffer from erectile dysfunction.