About Careers MedBlog Contact us
Medindia LOGIN REGISTER
Advertisement

Botox Developer Regrets Missed Opportunity to Mint Money

by Kathy Jones on February 14, 2012 at 8:45 PM
Font : A-A+

 Botox Developer Regrets Missed Opportunity to Mint Money

Botox developer Alan Scott, who sold the rights for the wrinkle-smoothing drug to a US company for just $4.5 million, says he regrets the move.

Botox has become a front-line weapon in cosmetic medicine for erasing wrinkles -- while therapeutic applications of the drug are being used to help a wide variety of disorders from swallowing problems to muscle spasms.

Advertisement

"If I knew (how big it would become), I would have never given it to the drug company Allergan in 1991," Dr Alan Scott told the Times of India in an interview published on Monday.

"At present Botox is being used for over 100 disorders besides aesthetic applications," Scott said in New Delhi where he was en route to a conference in southern India.
Advertisement

The San Francisco opthalmologist said he got around $4.5 million for handing over the rights to the drug to the California-based company Allergan which "was then a satisfactory deal."

"But if I had held on to Botox, maybe I could have made a billion dollars a year now," Scott said.

Botox, which makes muscles relax, is a purified form of a nerve poison produced by a bacteria that causes a disease that paralyses muscles and can be fatal.

Botox was first approved in 1989 to treat two eye muscle disorders -- uncontrollable blinking and misaligned eyes.

"Initially when I developed it, I knew it could do wonders for neurological disorders. However, I had absolutely no idea it could work so well as a cosmetic agent," said Scott, who initially called the drug Oculinum.

The big cosmetic breakthrough came when Canadian ophthalmologist Dr. Jean Carruthers noticed her patients were starting to lose their frown lines and published a study in 1992.

A decade later Botox was approved as a frown fixer by the US Food and Drug Administration and now it is used in 80 countries.

Does Scott worry about any side-effects from the widespread use of Botox?

"It is not clear what will happen after decades of use. Maybe the facial muscles will weaken and sag. But we know that it works in reducing facial wrinkles," he said.

"Most women don't care what will happen years later. They just want the wrinkles to disappear now."

Source: AFP
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
What's New on Medindia
Diet and Oral Health: The Sugary Connection May Become Sour
World AIDS Day 2022 - Equalize!
Test Your Knowledge on Sugar Intake and Oral Health
View all
Recommended Reading
News Archive
Date
Category
Advertisement
News Category

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Botox Face Lift (Rhytidectomy) Anti-aging Secrets to a Younger You Mint It All! Cosmetic Surgery and the Risk Factors Wrinkles and Anti-Wrinkle Treatments 

Most Popular on Medindia

Indian Medical Journals Daily Calorie Requirements Drug - Food Interactions Blood Pressure Calculator Find a Hospital Drug Interaction Checker Vent Forte (Theophylline) Drug Side Effects Calculator The Essence of Yoga Turmeric Powder - Health Benefits, Uses & Side Effects
This site uses cookies to deliver our services.By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use  Ok, Got it. Close
×

Botox Developer Regrets Missed Opportunity to Mint Money Personalised Printable Document (PDF)

Please complete this form and we'll send you a personalised information that is requested

You may use this for your own reference or forward it to your friends.

Please use the information prudently. If you are not a medical doctor please remember to consult your healthcare provider as this information is not a substitute for professional advice.

Name *

Email Address *

Country *

Areas of Interests