"We found an increased risk," Graham said. "It's one study. It's the only study."
Mobic has become the top-selling prescription pain drug since Merck & Co Inc withdrew Vioxx, and any possible heart attack risk was important as more patients take the drug, Graham said. "You now have a shift in the marketplace," Graham said.
Abbott Laboratories, which markets Mobic in the United States, said last month it expected US sales of the drug to hit $1 billion in 2005.
Shares of Abbott were off 18 cents at $46.65 on the New York Stock Exchange in morning trade.
Boehringer argued against Graham's claims. "We've taken a look at our post-marketing data and see nothing to indicate excessive cardiovascular risk," a company spokesman said.
The FDA approved Mobic in 2000 to treat osteoarthritis, and in 2004 for rheumatoid arthritis.
Like aspirin and the widely used arthritis treatment naproxen, Mobic is a non-steroidal anti-inflammatory drug, or NSAID, and can therefore cause ulcers and dangerous bleeding without warning.