Dow Jones First to Report on Labopharm's Drug Side Effects; Subscribers Get Ahead of Markets As News Sends Company's Stock Down 5%

Saturday, March 20, 2010 Drug News J E 4

NEW YORK, March 19 After Canadian specialty pharmaceutical company Labopharm received FDA approval for its once-daily version of antidepressant Trazodone, Dow Jones Newswires reported that it will be difficult to convince prescribers to switch from less expensive generic versions. Dow Jones found that when compared, the side effects of Labopharm's drug fare no better than the generic versions that dominate the market. In the 13 minutes from when the story was published to the market close, the company's stock fell 5%. An analyst attributed the stock move to the Dow Jones report.

Rival news organization Reuters was nearly a day late in covering the story. Bloomberg did not cover the news.

More than 438,000 financial professionals in 66 countries turn to Dow Jones for breaking news, commentary and analysis, including market-moving corporate, economic, market, financial and political news. Reporting from nearly 90 bureaus across the globe, Dow Jones publishes up to 18,000 news items each day, in 11 languages, covering all asset classes. Dow Jones products help customers build relationships, create market opportunities and enhance trust in their services.

For more information about Dow Jones Newswires, visit


Dow Jones & Company ( is a News Corporation company (Nasdaq: NWS) (Nasdaq: NWSA) (ASX: NWS) (ASX: NWSLV; and a leading provider of global news and business information. Its principal products include The Wall Street Journal, Dow Jones Newswires, Dow Jones Factiva, Barron's, MarketWatch and Dow Jones Indexes. Its Local Media Group operates community-based newspapers and Web sites. Dow Jones also provides news content to television and radio stations.

SOURCE Dow Jones & Company


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