Opiant Pharmaceuticals Announces Significant Financial Developments Related to NARCAN® Nasal Spray for Opioid Overdose
Opiant Expects to Receive 90% of NARCAN Sales-Related Royalty and Milestone Payments, Going Forward
Actual royalty revenue to be recorded by Opiant for the period ending
“The ability to capture milestones and royalties from NARCAN sales will have a significant impact on our balance sheet,” said
NARCAN is the only FDA-approved naloxone nasal spray for the emergency treatment of known or suspected opioid overdose. NARCAN Nasal Spray is approved for marketing in the U.S. and Canada by Opiant’s partner, Adapt Pharma Limited.
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LifeSci Advisors, LLC
Source: Opiant Pharmaceuticals, Inc.