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FDA panel votes to keep Avandia on the market

GlaxoSmithKline's diabetes drug Avandia should stay on the market, according to an advisory panel to the FDA.

The company’s shares increased 5.2% in extended-hours trading as a result.

Despite data indicating that the drug may increase the risk of heart attacks in some patients, the panel members voted 22-1 in favor to keep Avandia on sale. Most of the panel, however, did back having stronger warnings on the label.

Avandia, GSK’s second-best-selling drug which is used by millions of diabetics worldwide, was hit by a study from a Cleveland clinic in May which found a 43% higher risk of having a heart attack in patients taking the drug.

The FDA usually goes along with the opinion of advisory panels, but gave no indication of when it will make its final decision.