Prevention of variceal rebleeding is mandatory in cirrhotic patients. We compared the efficacy, safety, and cost of transjugular intrahepatic portosystemic shunt (TIPS) versus pharmacologic therapy in preventing variceal rebleeding in patients with advanced cirrhosis. A total of 91 Child-Pugh class B/C cirrhotic patients surviving their first episode of variceal bleeding were randomized to receive TIPS (n ؍ 47) or drug therapy (propranolol ؉ isosorbide-5-mononitrate) (n ؍ 44) to prevent variceal rebleeding. Mean follow-up was 15 months. Rebleeding occurred in 6 (13%) TIPS-treated patients versus 17 (39%) drugtreated patients (P ؍ .007). The 2-year rebleeding probability was 13% versus 49% (P ؍ .01). A similar number of reinterventions were required in the 2 groups; these were mainly angioplasty ؎ restenting in the TIPS group (90 of 98) and endoscopic therapy for rebleeding in the medical group (45 of 62) (not significant). Encephalopathy was more frequent in TIPS than in drug-treated patients (38% vs. 14%, P ؍ .007). Child-Pugh class improved more frequently in drug-treated than in TIPS-treated patients (72% vs. 45%; P ؍ .04). The 2-year survival probability was identical (72%). The identified cost of therapy was double for TIPS-treated patients. In summary, medical therapy was less effective than TIPS in preventing rebleeding. However, it caused less encephalopathy, identical survival, and more frequent improvement in Child-Pugh class with lower costs than TIPS in high-risk cirrhotic patients. This suggests that TIPS should not be used as a first-line treatment, but as a rescue for failures of medical/endoscopic treatments (first-option therapies). (HEPATOLOGY 2002;35:385-392.) S ince its introduction in 1989, 1 transjugular intrahepatic portosystemic shunt (TIPS) has become very popular in the treatment of portal hypertension, as reflected by an increasing number of publications. 2 TIPS is relatively easy to perform, quite safe, and causes a portal decompression similar to that achieved by surgical shunts. 3,4 Randomized controlled trials (RCTs) 5-15 and meta-analyses [16][17][18][19] have shown that TIPS is more effective than endoscopic therapy in preventing variceal rebleeding. However, some studies reported an increased incidence of encephalopathy following TIPS. [16][17][18][19][20][21][22] The frequent development of TIPS dysfunction calls for repeated angioplasty and/or restenting during the follow-up. 4,[16][17][18][19][23][24][25] Finally, TIPS does not improve survival as compared with endoscopic therapy. [16][17][18][19] Pharmacologic therapy with nonselective beta-blockers, alone or combined with isosorbide-5-mononitrate (ISMN), is widely used to prevent first variceal bleeding and rebleeding. [26][27][28] Pharmacologic therapy has the advantages of safety, availability, easy administration, and low cost. Recent RCTs using beta-blockers plus ISMN have shown this therapy to be significantly more effective than endoscopic injection sclerotherapy, 29 and equal to or better than endoscop...