News Release Details
Opiant Pharmaceuticals Announces Contract Extension of Second Tranche of Approximately $2.4 Million from Biomedical Advanced Research and Development Authority for Development of OPNT003, Nasal Nalmefene, for the Treatment of Opioid Overdose
Opiant intends to pursue a 505(b)(2) development path for OPNT003 and anticipates the potential to submit a New Drug Application for the drug and intranasal delivery device combination in the fourth quarter 2020.
“The award of this second tranche aligns with the progress we have achieved to date around the development of OPNT003,” said Roger Crystal, M.D., Chief Executive Officer of Opiant. “We will use these funds in 2020 to further advance our OPNT003 development program. Our contract with BARDA, which is aimed at accelerating the development of OPNT003 as a medical countermeasure in the event of a fentanyl chemical attack, further validates the potential of nasal nalmefene to be a vital therapy in the treatment of opioid overdose.”
To date, Opiant has been awarded approximately
About Opiant Pharmaceuticals, Inc.
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Source: Opiant Pharmaceuticals, Inc.