Professional Documents
Culture Documents
4 Robert C. Speth1,2*, Ph.D., Mikayla D’Ambra3, Hong Ji4 and Kathryn Sandberg, Ph.D.4*
5
1
6 College of Pharmacy, Nova Southeastern University, Fort Lauderdale, FL 33328
2
7 Department of Pharmacology and Physiology, College of Medicine, Georgetown Univ.,
8 Washington, DC 20057
3
9 Pinecrest High School, Fort Lauderdale, FL 33334
4
10 Center for the Study of Sex Differences in Health, Aging and Disease, Georgetown University,
11 Washington, DC 20057
12
14
17 The issue of cardiovascular and cognitive health in women is complex. During the premenopausal phase
18 of life women have healthy blood pressure (BP) levels that are lower than age-matched men and they
19 have less cardiovascular disease. However, in the post-menopausal stage of life women’s BP increases
20 and they are increasingly susceptible to cardiovascular disease, cognitive impairments and dementia,
21 exceeding the incidence in men. The major difference between pre- and post-menopausal women is the
22 loss of estrogen. Thus, it seemed logical that post-menopausal estrogen replacement therapy, with or
23 without a progestin, generally referred to as menopausal hormone treatment (MHT), would prevent these
24 adverse sequelae. However, despite initially promising results, a major randomized clinical trial refuted
25 the benefits of MHT leading to it falling from favor. However, reappraisal of this study in the framework
26 of a “Critical Window”, or “Timing Hypothesis” has changed our perspective on the benefit to risk ratio
27 of MHT and this review discusses the historical, current and future approaches to MHT.
28 Keywords:
29 estrogen, progesterone, estrogen replacement therapy, estrogen progestin therapy, menopausal hormone
30 therapy, cardiovascular disease, cognitive function, dementia, Alzheimer’s Disease, cancer, route of
31 administration
32 Take-home points:
34 on the cardiovascular system and cognition were likely correct despite the “Healthy Women
35 Bias” confound.
36 2. Timing is critical for initiation of MHT. The sooner it is initiated post-menopause, the greater the
37 benefits. But if initiation of MHT is delayed for more than 10 years post-menopause it may cause
43 6. Unopposed estradiol (without added progestin) confers greater cardiovascular and cognitive
44 benefits, but should only be used in women who have had a hysterectomy.
45 7. Individual differences in risk factors for cancer and cardiovascular disease should be evaluated
47
49 It is well established that the risk of cardiovascular disease (CVD) in pre-menopausal women with intact
50 ovaries is less than that of age-matched men (125). However, post-menopausal women have the same or
51 greater risk of CVD as age-matched men (10). A major difference between pre- and post-menopausal
52 women of similar age is the loss of ovarian hormones due to ovarian failure. Indeed, the levels of
53 circulating estradiol in post-menopausal women is less than that in age-matched men (63, 83, 122). The
54 earlier that ovarian failure occurs, either naturally or by surgical removal of the ovaries, the greater the
55 risk of CVD (167). This association led to idea that estrogen replacement therapy (ERT), or estrogen plus
56 a progestin therapy (EPT) could sustain the CVD protection that functioning ovaries likely provide. The
57 term hormone replacement therapy (HRT) and menopausal hormone replacement therapy (MHT) have
58 also been used to describe both ERT and EPT. To reduce ambiguity, this review will use ERT and EPT
59 to describe estrogen only and estrogen plus progestin replacement therapy strategies and MHT where the
60 specific nature of the hormone replacement therapy was not reported or was mixed. Throughout the
61 review, we also attempt to specify the particular estrogens and progestins studied since there are
62 numerous types of these classes of compounds. For example, 17-beta-estradiol (E2) is the major naturally
63 occurring estrogen in women whereas many studies of ERT use conjugated equine estrogens (CEE)
64 purified from horse serum, which contain 10 or more biologically active estrogens (23). At least two
65 studies (148, 174) report that E2 is superior to CEE in conferring cardiovascular and cognitive benefits.
66 The early observation that ERT and EPT substantially protected women from developing
67 osteoporosis (6, 107), led to the wide embrace and use of ERT/EPT. The large scale observational Nurses
68 Health Study, which followed the health of 121,700 nurses for an extended period, suggested that both
69 ERT (154) and EPT (55) also provided cardiovascular protective effects. In contrast, a concurrent study
70 of 1234 women (172) reported adverse cardiovascular effects of ERT. Conclusions from these studies
71 were questioned because these treatments were not documented in randomized clinical trials (RCTs) (70).
72 Furthermore, they were criticized for having too many younger women and not enough older women
73 (70). In addition, concerns for the “Healthy Woman Bias” (5) whereby women who chose MHT tended to
75 question, two RCT studies were initiated. The Heart and Estrogen/Progestin Replacement Study (HERS)
76 (53, 70) investigated the effects of oral MHT on women with pre-existing coronary heart disease. The
77 Women’s Health Initiative (WHI) (92) studied the effect of EPT (oral administration of conjugated
78 equine estrogens (CEE) plus medroxyprogesterone acetate (MPA) in healthy mostly postmenopausal
79 women, and oral CEE in women with hysterectomies. Both of these studies failed to show cardiovascular
80 benefits of MHT.
81 Findings from these studies led to the recommendation that MHT not be used therapeutically for
82 prevention of CVD (9). Combined with concerns that estrogen can cause breast, ovarian and uterine
83 cancer, the use of MHT drastically declined (131). Further review of the WHI study, with stratification of
84 the subjects by age, has revealed an interaction of age and effect of MHT (90). These analyses have led to
85 a reconsideration of the potential benefits of MHT for protection against CVD in post-menopausal women
86 in accord with “The Timing Hypothesis” first put forward by Mikkola et al. (98) as “the window of
87 therapeutic opportunity” and soon thereafter by Dubey et al., (40) and Mendelsohn and Karas (94). These
88 observations were primarily derived from the dichotomous effects of ERT on atherosclerosis in monkeys
89 associated with time of ovariectomy and time of initiation of ERT (3, 171). Mikkola et al. (98), however,
90 also noted the disparity in ERT effects with age in the WHI study. Stated simply, “The Timing
91 Hypothesis” (also known as the “Window of Opportunity” (1) posits that initiation of ERT at, or shortly
92 after menopause, confers cardiovascular benefits, while delayed initiation of ERT, > 10 years post-
93 menopause, has adverse cardiovascular effects. While “The Timing Hypothesis” has had its detractors
94 (18), it is now generally accepted that initiation of ERT within 10 years of either naturally occurring or
95 surgically induced ovarian hormone deficiency confers cardiovascular benefits (66, 100), which
96 complement its known benefits on osteoporosis, without increasing overall cancer risk. An extension of
97 the WHI, the Women's Health Initiative Memory Study (WHIMS) as well as other studies including
98 Kronos Early Estrogen Prevention Study-Cognitive and Affective Study (KEEPS-Cog) (50) and
99 Women’s Health Initiative Memory Study – Young (WHIMS-Y) (42) specifically directed to assessing
101 in older (65-79 years old) do not occur if MHT is initiated at ages 50-54 (42) or within 6 to 36 months of
102 their last menses. While KEEPS-Cog and WHIMS-Y, both of which used CEE, did not show cognitive
103 benefits of MHT, other studies suggest that early post-menopausal initiation of MHT can have
104 neuroprotective effects on cognitive function and reduced risk of Alzheimer’s Disease and other
106
108 It is well recognized that treatment of hypertension is critical to preserving cardiovascular health.
109 Cardiovascular disease, which is to a large extent secondary to hypertension, remains the number one
110 killer in the United States and the rest of the world (108). The current guidelines for hypertension from
111 the Joint National Committee on Prevention, Detection, evaluation and Treatment of High Blood Pressure
112 (JNC 7), released in November 2017 (169) recommends treatment for systolic BP > 130 mm Hg. The
113 change in guidelines is based on the recent SPRINT trial in which cardiovascular outcomes for intensive
114 treatment (≤ 120/ 80 mm Hg) of individuals > 50 years old with a high risk of CVD was highly beneficial.
115 According to the old guidelines of beginning treatment in individuals with BPs ≥ 140/90 mm Hg, the
117 (https://www.heart.org/idc/groups/ahamah-
119 percentage will greatly increase with the new lower guidelines.
120
122 Worldwide, women have lower BP than men: 122/77 versus 127/79 (systolic/diastolic, mm Hg),
123 respectively (2). Furthermore, CVD occurs earlier in men than women. The incidence of a first
124 cardiovascular event (per 1000 person years in the 45-54 age group) is: 10.1 in men and 4.2 in women
125 (103). Menopause and oophorectomy are both associated with an increased incidence of hypertension and
127 sex differences in the age of onset of hypertension and CVD, and play a protective role in the
128 cardiovascular health of women (12). Premenopausal women with functional ovaries that secrete estrogen
129 have a lower risk of CVD than age-matched postmenopausal women (153), and, early menopause (ages
130 40-45) is associated with an increased risk of CVD, see review (22). The functionality of the coronary
131 endothelium is also healthier in young premenopausal women compared to older postmenopausal women
132 (93).
133 Based upon these observations, it seemed logical that MHT would provide the cardiovascular benefits
134 of intact functioning ovaries. In a meta-analysis of MHT studies, Grady et al., (54) found that the relative
135 risk of coronary heart disease was 0.65 (0.59-0.71, 95% CI) in women who used ERT compared to
136 women who never used estrogen. However, the WHI study (92, 130, 150) in more than 16,000
137 postmenopausal women reported an increased risk of coronary heart disease in the EPT group over
138 placebo controls (HR 1.29, 95% CI 1.02-1.63) (92, 130) with no significant reduction in coronary heart
139 disease with ERT (HR 0.91, 95% CI 0.75-1.12) (9). This finding plus the increased risk of stroke and
140 pulmonary embolism in the ERT and EPT groups and the increase in invasive breast cancer in the EPT
141 group, led to early termination of the WHI despite substantial reductions in colorectal cancer and hip
142 fractures. Subsequent to this study, the use of MHT to provide cardiovascular benefit dramatically
144 In succeeding years, researchers have continued to monitor WHI subjects and have begun to
145 challenge the conclusions of the WHI study, primarily based upon the wide age range of the subjects,
146 which masked age-related differential effects of MHT. Long-term observations and stratification of the
147 different age groups, now document that the time interval between menopause and initiation of MHT
148 differentiates beneficial from adverse effects (24, 90, 98). This has led to the development of “The
149 Timing Hypothesis” (64, 65) “critical period” (168) or “critical window theory” (87, 98, 170) which
150 suggests that initiation of MHT soon after menopause has benefits that outweigh the risks, while delays,
151 >10 years post menopause, in initiating MHT may have adverse cardiovascular and cognitive effects (40,
153 vu. In their 1991 paper describing a 10-year follow-up of the Nurses Health Study, Stampfer et al. (154)
154 discuss a book chapter written in 1987 by one of the authors of the 1985 Framingham study (172) stating
155 that for coronary heart disease there was “…a nonsignificant protective effect among younger women, but
156 a nonsignificant adverse effect among older women”, (from reference 20 of Stampfer et al., (154)) from
157 estrogen treatment. In the déjà vu all over again category, one of the original studies that reported
158 beneficial effects of estrogen therapy for osteoporosis (6) reported that estrogen therapy begun 3 years
159 post oophorectomy increased bone mineral density, but when estrogen therapy was initiated 6 years post
160 oophorectomy there was no effect on the rate of loss of bone mineral density. LaCroix et al., (80) reported
161 an interaction between CEE therapy and age, with younger women showing a more favorable risk profile
162 for myocardial infarction, total mortality and global index of chronic diseases than older women.
163 We have used female Dahl salt-sensitive rats as a model for hypertension associated with salpingo-
164 bilateral oophorectomy in women (152). In this model, rats were ovariectomized at either 4.5 or 7 months
165 and E2 treatment was initiated at 7 months. E2 treatment reduced body weight and plasma angiotensin II
166 in both groups compared to untreated rats; however, E2 only blocked the ovariectomy-induced increase in
167 BP in rats in which E2 treatment was initiated immediately after ovariectomy. The expression of AT1
168 receptors was significantly increased in the brains of rats ovariectomized at 4.5 months and treated with
169 E2 at 7 months, while initiation of E2 treatment immediately after ovariectomy prevented this increase in
170 brain AT1 receptor binding (152). These animal studies are consistent with ‘The Timing Hypothesis’,
171 suggesting that a delay in initiating ERT following menopause reduces its efficacy and could have
172 adverse effects on cognitive function. Interestingly, a study of women with elected oophorectomies
173 without ERT revealed an increase in salt-sensitivity in a subpopulation of these women which could
174 foreshadow development of hypertension later in life due to increased renin-angiotensin system activity
175 (142). Tables 1 and 2 describe the more contemporary view of the benefits and risks of MHT, when
176 initiation of therapy occurs perimenopausally, < 10 years after menopause(~ by age 59), or at later ages.t
179 report of an increase in reproductive cancers in women leads to a reflexive avoidance of the causal
180 factors, no matter how small the increase in risk. Table 2 lists cancer risks of MHT with a primary
181 emphasis on the risks associated with perimenopausal or early post-menopause initiation of MHT (< 10
182 years post-menopause) initiation of MHT, or at later ages. Of note LaCroix et al (80) also reported an
183 interaction between age and colorectal cancer with younger women showing lower risk than older women
185
187 An important consideration when balancing risk to benefit ratios is not only the increase in relative risk of
188 disease, but also the incidence of the disease. Santen and Petroni (139) refer to this as “Relative Versus
189 Attributable Risk” and point out how misleading relative risk determinations can be. They determined
190 that the attributable risk of a women getting breast cancer arising from taking ERT for 10 years starting at
191 age 50 was 2.8 per 100 women, but that 11.9 women per 100 would be spared an adverse cardiovascular
192 event, resulting in a net reduction of 9.1 incidences of disease (Figure 1). Since not everyone who
193 develops breast cancer or CVD will die from it, the numbers of people who die from breast cancer
194 decreases to 0.67 per 100 women, while the number of people saved from CVD-associated deaths is 4.4
195 per 100 women (139). Furthermore, if the reduction in the relative risk of women dying from hip
196 fractures with EPT is added in, the benefit to risk ratio becomes even greater. Moreover, a reappraisal of
197 the effects of ERT in women with hysterectomies in the WHI suggests that there may be no increase, and
198 a possible decrease in the incidence of breast cancer with ERT (9, 155). This factor was also noted in a
199 statement of the Endocrine Society supporting the use of “menopausal hormone therapy” in women aged
201 It should be kept in mind however, that individual risks for breast cancer cardiovascular disease
202 can also vary and can alter the risk to benefit ratio, e.g., a person at high risk for breast cancer and
204 minimal risk factors for breast cancer and at high risk for cardiovascular disease might gain substantially
205 from EPT. More recent studies LaCroix et al., (80), and Gurney et al., (56) suggest that the relative risk
206 of breast cancer when initiated within the critical window post menopause and continued for an average
208 Although not directly applicable to MHT cancer risks, a recent study of birth control pill
209 (estrogen plus progestin) usage in 1.8 million premenopausal women concluded that the risk for breast
210 cancer was higher for women using hormonal contraception compared to non-users (102). However,
211 another study of the use of oral contraceptives indicated reduced risks for colorectal, endometrial,
212 ovarian, lymphatic, and hematopoietic cancers in women taking birth control pills, concluding that the
213 decrease in select cancers balances out and may override the increase in breast and cervical cancer
214 incidence (72, 101). An analysis of the net effect of oral contraceptive usage in England concluded that
216
218 Analysis of the risk to benefit ratio of post-menopausal MHT is complicated by many variables:
219 unopposed estrogen versus estrogen plus a progestin (either with continuous or cycled progestin);
220 idiosyncratic characteristics of the estrogenic and progestogenic agents, cf. (31, 40, 88, 148, 168, 174);
221 Estrogen receptor (ER) subtype selectivity; route of administration of the MHT; MHT dosages; duration
222 of MHT. Kuhl (79) provides a comprehensive review of the variables associated with different estrogenic
223 and progestogenic preparations: their routes of administration, relative potencies, pharmacokinetic
224 characteristics, and tissue selectivity that covers these issues in much greater detail than is possible in this
225 brief review. In general, oral bioavailability of estrogens is poor due to limited absorption and
226 metabolism in the gastrointestinal tract and liver, however, transdermal absorption of estradiol varies
227 widely between individuals. A recent meta-analysis reported that oral, but not transdermal administration
229 not transdermal (58) estradiol increases angiotensinogen production by the liver. While the resulting
230 increase in plasma angiotensin II does not appear to increase BP, it is noteworthy that a study comparing
231 oral and transdermal administration of estradiol found a small reduction in BP in normotensive
232 oophorectomized women with transdermal, but not oral administration (7). Manhem et al. (89) also saw a
233 small reduction in BP in hypertensive post-menopausal women with transdermally administered estradiol.
234 Additionally, after 12 months of receiving transdermal estrogen, Beljic et al. (20) observed that post-
235 menopausal women with normal BP saw their systolic BPs significantly decrease, as did Seely et al.
236 (143), who’s study of 15 normotensive women showed a significant decrease in diastolic and mean BP
237 (~5 mm Hg) with the administration of transdermal estradiol. Thus, while MHT generally does not reduce
238 the post-menopausal rise in BP (123, 125) and may increase BP compared to placebo treated women
239 (158) regardless of time past menopause, this may be a result of preponderance of studies in which the
240 estrogen was administered orally. In view of the studies in which transdermally administered estradiol
241 caused small to moderate reductions in BP (7, 58, 89, 143), one of which concurrently showed no change
242 in BP with oral administration of estradiol (7), as well as two studies with orally administered estradiol
243 plus one study of combined oral estradiol and progestin that have shown reductions in BP compared to
244 placebo controls (58, 75, 163), the ability of transdermally administered estradiol to lower BP should be
246 Additional variables that should also be considered are smoking/tobacco usage which is generally
247 controlled for in studies of ERT and EPT, but which is associated with substantially increased CVD and
248 incidence of cancer (13, 86, 126, 157); lifestyle (124, 126), hysterectomy; age at menopause or surgically
249 induced menopause (see below); ethnicity (112, 157); individual differences (79); lipid profile; body
250 weight/BMI (34) metabolic syndrome which is associated with increased cardiovascular risk factors:
251 increased BP, dyslipidemia, type II diabetes mellitus (4), and lean versus obese women(137); duration of
252 MHT therapy; duration of follow-up following MHT; weighting of adverse versus beneficial outcomes,
253 e.g. increased risk of specific cancers versus reduced risk of other cancers and osteoporosis; and what is
255 smoked were more likely to have a later age at menopause than current tobacco smokers (39, 82).
256 Moreover, as reviewed by Appelman et al., (10) women smokers have a greater increase in their CVD
258 Thus, while it is still not possible to make a definitive generic determination in favor of MHT for
259 cardiovascular benefits, newer data is increasingly in favor of MHT when initiated perimenopausally or
260 within the critical window post-menopausally (36). In particular, in women who have premature ovarian
261 insufficiency before age 40 either naturally or surgically have an increased risk of early mortality, CVD
262 and neurological disease (147), and MHT is strongly recommended unless there are contraindications
263 (14). This population has higher BP than age-matched women who are premenopausal, see review (136).
264 Additionally, MHT is well-established for relief of perimenopausal vasomotor symptoms; hot flashes and
265 night sweats, sleep disturbances, as well as urogenital atrophy (14, 32, 43, 140). In addition, the use of
266 ERT in women who have had a hysterectomy appears to have more benefit than EPT in women with an
268 One issue related to post-menopausal MHT that has not been studied is cyclic administration of
269 an estrogen. In premenopausal women, estrogen as well as progesterone levels vary widely over the
270 menstrual cycle (173) whereas post-menopausal estrogen therapy and many EPT regimens maintain a
271 constant level of estrogen and progestin. Some MHT regimens cycle the progestin, most often 12 days
272 on/18 days off, which is associated with a greater increase in high density lipoprotein cholesterol (HDL-
273 C) than MHT with continuous progestin (161). There is anecdotal evidence of cyclic postmenopausal use
274 of ERT by some women, but we only found one study, a short-term randomized controlled trial, of 54
275 post-menopausal women (ages 50-65) which used cyclic estrogen (4) according to its use as a birth
276 control pill reporting an adverse effect of EPT on HbA1c levels in “normoglycemic” (HbA1c < 8%)
277 women with Type II diabetes mellitus. This study contrasts with an observational study of 15435 women
278 with Type II diabetes mellitus reporting that MHT use was associated with lower HbA1c levels (45)
279 which was challenged as being subject to the “Healthy Women Bias” (5).
282 The issue of ER subtype selectivity and expression may play a role in the cardiovascular and cognitive
283 protection afforded by ERT. There are three known ER subtypes: ERα ERß (33) and G protein coupled-
284 ER (GPER), also known as GPR30 and GPER1 (44, 97). The classical ERs, ERα and ERß are
285 cytoplasmic receptors that become transcription factors when bound by estrogen, thereby regulating the
286 expression of a number of genes, although ERα (29) and ERß can also localize to the plasma membrane
287 and signal through protein kinase pathways see review (114). Acute activation of ERα, also has
288 nongenomic effects such as activating endothelial nitric oxide (NO) synthase (40). Consistent with either
289 GPR30 or membrane localized ERα, estradiol was shown to induce a short latency NO release from
290 cultured endothelial cells (156). NO induces vasodilation, dilating blood vessels by relaxing the smooth
291 muscles lining the vessels. ERα has a significant role in maintaining “cardiometabolic health” (33), and its
292 mRNA has been shown to decrease with aging in mouse aorta (111), although its protein expression
294 Animal studies of ERß also indicate largely beneficial actions on the cardiovascular system,
295 although ERß is also associated with adverse effects. A study of uterine ERß expression showed that it
296 increased with time past menopause, corresponding with an increased inflammatory response to estrogen
297 (110). ERT increased NO production and decreased NADPH-oxidase activity in young, but not old mice,
298 concomitant with an increase in the ERß/ERα ratio in thoracic aorta of the old versus young mice (111).
299 However, a recent review of human and animal studies suggests that ERß exerts a host of protective
300 actions in the cardiovascular system, primarily targeting vascular endothelial cells (105).
301 GPER activation has a direct vasodilatory effect (11, 44, 57) and both activates (57) and inhibits
302 (44) cAMP formation. It also activates MAP kinases via transactivation of the epidermal growth factor
303 receptor (46), and other signaling pathways (44) in response to estrogen. It is present in osteoblasts (59)
304 and may be a major contributor to the osteogenic effects of estrogen (78). Of note, GPER is also a
305 receptor for aldosterone, for which it displays a higher affinity than for estrogen (44).
307 Adverse effects of estrogen loss, hypertension and CVD on cognition and progression to dementia
308 As noted above high BP, at least during mid-life, is a risk factor for cognitive impairment and dementia
309 (see review (77). And, while MHT at best lowers BP slightly, its beneficial effects on vascular
310 endothelium may have the same cardiovascular protective effects on the cerebral microvasculature as a
311 reduction in BP. Alzheimer’s Disease (AD) patients with hypertension show a faster rate of cognitive
312 decline than normotensive patients (21). Furthermore, patients with untreated hypertension show a more
313 rapid progression from mild cognitive impairment to AD than patients whose hypertension is treated with
314 a variety of antihypertensive agents (84). With additional therapy for diabetes and hyperlipidemia, the
315 progression to AD was slowed even more [63]. Similarly, patients showing good cardiovascular health in
316 terms of BP and blood glucose have more favorable cognitive function later in life (51). Recent studies in
317 humans suggest there is a link between endothelial dysfunction and AD pathology (37). Geriatric patients
318 with masked hypertension had significantly lower scores on Mini-Mental State Exam test and Categorical
319 Fluency Test than normotensive patients (41). A large meta-analysis of antihypertensive drug therapies
320 shows convincingly that reduction of elevated BP is associated with a substantial reduction in the risk of
321 dementia (133). In a geriatric African-American cohort cognitive decline was decreased by 38% with
322 antihypertensive therapy, independent of the drug class (106). Interestingly, an increased risk of cognitive
323 decline in women with elevated systolic BP and pulse has been reported (177). And finally, a meta-
324 analysis of 18 studies concluded that there was a strong trend towards decreased cognitive impairment
325 with antihypertensive therapy, with calcium channel blockers and renin-angiotensin inhibitors showing
327 With respect to estrogen’s effects on cognitive function and dementia, especially AD, it has long
328 been known that estrogen has neuroprotective effects (95, 180), see also reviews (38, 47, 48, 96, 120,
329 129). These positive neurotropic effects have been reported to be mediated largely by the ER ß estrogen
330 receptor subtype, see review (164). However, in the hippocampus, the brain region most closely
331 associated with memory and learning, estradiol is reported to act on both ERα and ERß as well as GPER to
333 mediate the improvement of memory in rodent models of cognitive function. An early uncontrolled study
334 of the effects of ERT in women of unspecified ages in a retirement community showed a reduction in risk
335 of developing AD, with the reduction increasing with dose and duration of treatment (113). While the
336 randomized controlled WHIMS initially suggested an adverse effect of MHT (with CEE as the estrogenic
337 agent) on cognitive function and AD (42, 145), a recent 18 year follow-up study of the WHI (90) revealed
338 that the CEE only group had a significantly lower AD mortality (HR: 0.74; CI 0.59-0.94). The Cache
339 County, Utah study of more than 1800 women showed that MHT reduced the risk of AD, with the longest
340 usage (> 10 yrs) having the lowest risk (HR: 0.41, 95% CI 0.17-0.86) (178). Another recent long-term
341 study (71) showed long- (> 10 yrs) but not short-term (<10 yrs) MHT was associated with a reduced risk
342 of developing AD (HR: 0.53, 95% CI: 0.31-0.91). Interestingly, a recent study (19) to determine whether
343 ‘The Timing Hypothesis’ applied to estradiol’s beneficial effects on cognition in the non-human primate
344 model in which ‘The Timing Hypothesis’ for estradiol’s cardiovascular benefits occurred, indicated that a
345 much longer duration between menopause and ERT could elapse, during which estradiol could benefit
346 cognitive function. This observation is echoed in a large scale, 489,105 women, study of MHT which
347 showed a reduction in vascular dementia independent of time of initiation of MHT (99). Of note, these
348 investigators (99) suggested that the improved cardiovascular risk profile of E2 compared to CEE (141,
349 148) might explain the large (37-39%) reductions in the risk of death from vascular dementia in their
350 cohort. Additionally, Mikkola et al., (99) also reported a risk reduction for AD with longer duration, > 5
351 years, ERT/EPT. Studies reviewed by Faubion et al., (43) also support beneficial effects on cognitive
352 function and reduction of risk of dementia with MHT in accord with ‘The Timing Hypothesis’.
353 The selective estrogen receptor modulator (SERM) raloxifene, which is a weak partial agonist of
354 ERα with negligible agonist effect on ERß (17), and a preferential estrogenic agent on bone, was shown to
355 significantly reduce the risk of mild cognitive impairment ( RR: 0.67, 95% CI: 0.46-0.98) and marginally
356 reduce the risk of AD in a large cohort (7,487 women) with an average age of 66.3 years old (176). In
357 another study conducted on women aged 70-80 years old, raloxifene improved verbal memory compared
360 Additionally, as with CVD, the post-menopausal population that has undergone pre-menopausal
361 oophorectomy or early menopause, appears to be at higher risk for cognitive impairment and dementia
362 (14, 35, 104, 147) than those who undergo natural menopause. The Mayo Clinic Cohort Study of
363 Oophorectomy and Aging showed that the risk of cognitive impairment or dementia nearly doubled in
364 women who underwent bilateral oophorectomy prior to the age of natural menopause regardless of the
365 indication for oophorectomy (e.g., benign ovarian condition or for cancer prophylaxis) (127). This first
366 large-scale study of cognition with long-term follow up also showed that the risk of cognitive impairment
367 and dementia increased the younger the age at oophorectomy. These findings from women living in the
368 United States were confirmed in a Danish historical cohort study, published in 2010, that queried national
369 disease registries (119). The Danish study showed that the risk of dementia with onset before the age of
370 50, increased in women who underwent bilateral oophorectomy prior to the age of natural menopause,
371 again, with the risk increasing the younger the age at surgery. Furthermore, two longitudinal studies
372 analyzed by Bove et al. (25) showed that women who underwent surgical menopause at younger ages saw
373 more rapid rates of cognitive decline and found that the effect of each year of earlier surgical menopause
374 matched the effect of 6 months of aging in relation to the rate of cognitive decline. However, when
375 administered within the 5-year “window of opportunity”, MHT significantly, slowed cognitive decline
376 and risk of AD, in contrast to a worsening of cognitive decline and risk of AD with delayed initiation of
378
380 The conflicting results from studies of MHT are likely due to differences in experimental design
381 including the composition of the therapeutic agents (e.g., type of estrogen and progesten), the mode of
382 treatment (e.g., oral vs. transdermal or vaginal), protocol (e.g., continuous or cycling progestin), treatment
383 duration and time of initiation post-menopausally, type of menopause, outcomes, and follow-up periods.
385 complicates the evaluation of the effects of post-menopausal MHT. These countless permutations
386 currently limit our ability to compare study outcomes on cardiovascular and cognitive health as well as
387 cancer risk and other effects. Individual differences in genetics and environment are also factors that
388 differentially affect a woman's response to MHT. Thus, even when the ideal MHT regimen for one's
389 health is identified, personalized medicine will remain critical to determining whether or not MHT is
390 indicated.
392 Entering the search term menopausal hormone therapy in Pubmed yielded 35924 articles. In selecting
393 180 articles for this review, we have cited approximately 0.5% of the literature on this topic. As a result,
394 there is a considerable potential for unintentional bias and omission of important studies despite our best
395 efforts to focus on the most salient articles relevant to our goal of evaluating the relative benefits and risks
396 of menopausal hormone therapy. In addition, the possibility of publication bias in favor of studies
397 showing significant effects cannot be ignored, although this bias would favor both positive and negative
399
401 It is increasingly apparent that postmenopausal MHT has cardiovascular and cognitive benefits, provided
402 it is initiated within the critical window of opportunity, i.e., less than 10 years post-menopause, and has
403 even better outcomes if 1) it is initiated perimenopausally, 2, it is administered transdermally, and 3) the
404 estrogenic agent is E2. Moreover, hysterectomized women appear to achieve better overall health
405 outcomes from ERT than women with intact uteri treated with EPT. The adverse effects of delayed MHT,
406 which distorted the results of the WHI study, have now been stratified from the early MHT treatment
407 further affirming the benefits of early MHT. Moreover, the breast cancer risk of MHT is far less than
408 originally reported in the WHI study, with a reduced risk in women with hysterectomies treated in the
410 colorectal and other cancers associated with MHT, there is a net reduction in all cancers as well as all-
411 cause mortality with MHT. However, despite these positive observations, recommendations for MHT are
412 still limited to prevention of osteoporosis and perimenopausal vasomotor symptoms or protection from
414 A lingering issue yet to be resolved is; how long should MHT be continued? And whether it
415 should be ERT or EPT. In view of the study suggesting that MHT > 10 years duration provides better
416 protection against AD than < 10 years duration (178) and the beneficial effects of continued MHT on
417 mood, the possibility of life-long MHT cannot be dismissed. There is evidence that more women are
418 continuing to take MHT for more than a decade, so observational studies will help determine the optimal
419 duration for MHT, although the “Healthy Women Bias” may continue to be a confound in interpreting
420 such studies. With close monitoring and continuing assessment of genetic and environmental risk factors
421 for cancers, dementia and CVD, there can be a refinement of the criteria for determining the optimal use
422 of MHT.
423
424 Acknowledgments: This work was supported by NIH grant R01-HL-119380 (RCS, HJ, KS), the Peptide
425 Radioiodination Shared Resource, Georgetown University (RCS), and the Cardiovascular Neuroscience
427
428
429
430
431
432 Bibliography
433 1. Window of opportunity: menopause, estrogens and the brain. Proceedings of a multidisciplinary
434 Window of Opportunity workshop. January 15-17, 2010. Stanford, California, USA. Brain Res 1379: 1-
435 252, 2011.
1021
1023
1024
Improved profile (40- CEE, (26, 28, Improved profile (45- CEE, MPA/
(161)
70) CEE/E2, 161) 64)† progesterone
Hyperlipidemia/
lipid profile/ Progression (<6 yr Progression (<6 yr E2, V-progester-
E2 (67) (67)
atherosclerosis post-menopause) post-menopause) one
progression Improved profile (55-
CEE, MPA (70)
80)
Progression (<6 yr CEE/
(140)
post-menopause) progesterone
Vasomotor
Large (42-79) CEE, E2 (91, 140) Large (50-79) CEE, MPA (91)
symptoms
Type II diabetes Small trend CEE (24) Small trend CEE, MPA (24)
No change (43-70) E2, CEE (28) Small (45-58) ** E2, norhisterone (74)
Obesity No change (?) U (109) trend (50-79) CEE, MPA (30)
No change (?) U, U (109)
Hip fracture Moderate (50-79) CEE (24) Moderate (50-79) CEE, MPA (24, 130)
E2/CEE/U, MPA/ (15, 91,
Osteoporosis*** Moderate (54-72) E2 (15) Moderate (50-79)
progesterone 130)
Moderate improvement t-E2/CEE
Depression# (50, 149) Incidence (45-60)### t-E2, various (52)
(50-56), (40-55)## t-E2
E2/CEE,
Protective effect (<60) E2 (68) Protective effect (<60) (68)
MPA/various
Protective effect (PM-
Reduction (66.4±6.9) Raloxifene (176) MPA (43)
BSO)
Improved Protective effect
Raloxifene (73) U, U (25,144)
Cognitive performance (66.2±7) (menopause ≤5 years)
impairment Improved No change
E2/CEE (174,175) U, U (25,144)
performance (49-68) (menopause >5 years)
Impaired performance Impaired performance
CEE (145) CEE, MPA (145)
trend (65-79) trend (65-79)
No Change (<6 yr post-
No change (52.6±2.6) U (50) U, U (61)
menopause)
includes myocardial infarction and heart failure, ** these studies report a redistribution of fat mass to the abdomen (increased waist
circumference and waist to hip ratio) as well as a shift from lean to fat mass and greater loss of bone mineral density in women who do
not receive MHT. Such changes are associated with an increased risk of CVD (30, 81). *** includes studies showing increased bone
#
density as a surrogate for reduced osteoporosis. depression has been shown to be a risk factor for CVD in particular ischemic heart
##
disease (16, 49, 162) four-year follow-up only; improvement in depression was seen only with oral conjugated estrogens, not
menopause transition. † cyclic progestin was better than continuous progestin. CEE, conjugated equine estrogens; E2, 17-ß-estradiol; t-
E2 transdermal 17-ß-estradiol; V, vaginal; MPA, medroxyprogesterone acetate; NETA, norethisterone acetate; CPA, cyproterone
Breast 5
-5 Deaths
. . -10
Cardio-
vascular Cardiovascular
Disease -15 disease
. .
2 Figure Legend:
3 Figure 1. Relative and Attributable Risks for Breast Cancer and Cardiovascular Death with ERT. The
4 incidence of breast cancer is based upon statistics from the National Cancer Institute web site
6 cardiovascular disease deaths is derived from Lloyd-Jones et al (83). The estimate of the relative risk for
7 breast cancer and coronary heart disease with ERT is from Santen and Petroni (136) but can vary
8 considerably based upon the type of ERT agents, routes of administration, duration of therapy, follow-up
10
11
12