Ohio allocates $3M to drugmaker creating abuse-proof opioid

Ohio will give Elysium Therapeutics $3 million in funding to develop a new class of opioids that cannot be abused, according to The Inquirer.

Advertisement

The initial funding represents a portion of the $20 million in grants Republican Gov. John Kasich requested to help create technological solutions to the opioid epidemic.

Ohio reported 4,050 overdose deaths in 2016 — 1,000 more than the prior year, according to the report.

“Our goal is to reduce the number of fatal overdoses,” Greg Sturmer, CEO of Elysium Therapeutics told The Inquirer. He said Elysium will use the state’s money to fund animal testing before moving on to clinical trials.

More articles on opioids: 

Opioid overdoses fuel declining US life expectancy: 3 things to know
Study: Opioid-free alternative targets immune system to relieve pain
Why states’ opioid prescribing regulations may be a detriment to chronic pain patients

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in GLP-1s

Advertisement

Comments are closed.