NEW YORK, January 5, 2018 /PRNewswire/ --
According to a report byGrand View Research, Inc. the global biotechnology market is expected to reach USD 727.1 billion by 2025. Major technological advancements in segments such as regenerative medicine and genetics in diagnostics are important
Opioids are the most widely prescribed medications or the treatment of chronic pain conditions. A report by Transparency Market Research explains that these analgesics are used to manage pain in cancer patients and also to treat severe constant pain in patients suffering from terminal illnesses. Opioids are also a major cause of drug overdoses. The New York Times reported data provided by the CDC, according to which Drug overdoses killed roughly 64,000 people in the United States in 2016. A very strong increase of more than 22 percent from the previous year. According to the Times, "Drug overdoses are expected to remain the leading cause of death for Americans under 50, as synthetic opioids - primarily fentanyl and its analogues - continue to push the death count higher."
BioCorRx Inc. (OTCQB: BICX) recently announced breaking news that the Company's BioCorRx® Recovery Program, a non-addictive, medication-assisted treatment (MAT) program, was featured on CBC affiliate WBNS-10TV news in Ohio. The program features an individual suffering from opioid use disorder who has turned his life around since starting the BioCorRx Recovery Program. Participation in the Company's program was accepted in lieu of conviction by a Richland County judge in Ohio.
A link to the news story is available at: https://www.10tv.com/article/hi-tech-treatment-now-possible-opiate-addiction. After the segment aired, an update of the cost for treatment was posted in the written article associated with the video. The cost mentioned is the national average for the entire outpatient program that varies by each independent location and also typically includes medical follow-ups, cognitive behavioral therapy (CBT) with a licensed therapist for approximately 3 months and an overlapping peer recovery support and patient outcome tracking for one full year. In some cases, it may even include outpatient detox.
Brady Granier, CEO, President, and Director of BioCorRx, commented, "It's great to see our program featured in Ohio, one of the states most devastated by the opioid epidemic. More importantly, it's emotionally rewarding to see people get on their journey to recovery with our program. We are also honored that our program was approved to be utilized as treatment in lieu of conviction. We hope to see more of this in the future as it can help people get well and on the road to recovery, while also reducing the financial burden of incarceration on society."
About BioCorRx - is an addiction treatment company offering a unique approach to the treatment of substance abuse addiction. The BioCorRx® Recovery Program, a non-addictive, medication-assisted treatment (MAT) program, consists of two main components. The first component of the program consists of an outpatient implant procedure performed by a licensed physician. The implant delivers the non-addictive medicine, naltrexone, an opioid antagonist that can significantly reduce physical cravings for alcohol and opioids. The second component of the program developed by BioCorRx Inc. is a one-on-one counseling program specifically tailored for the treatment of alcoholism and other substance abuse addictions for those receiving long-term naltrexone treatment. The Company also has an R&D subsidiary, BioCorRx Pharmaceuticals, which is currently developing injectable and implantable naltrexone products for potential future regulatory approval. For more information on BICX, visit http://www.BioCorRx.com. "
Curis, Inc. (NASDAQ: CRIS) is a biotechnology company focused on the development and commercialization of innovative and effective drug candidates for the treatment of human cancers, including CUDC-907, which is being investigated in clinical studies in patients with lymphomas and solid tumors. Curis is also party to a collaboration with Genentech, a member of the Roche Group, under which Genentech and Roche are commercializing Erivedge® for the treatment of advanced basal cell carcinoma. On November 7, 2017, the company reported its financial results for the third quarter ended September 30, 2017. Revenues for the third quarter of 2017 were $2.4 million, as compared to $1.8 million for the same period in 2016. Revenues for the nine months ended September 30, 2017 were $6.6 million, as compared to $5.2 million for the same period in 2016. Revenues for both periods comprise primarily royalty revenues recorded on Genentech and Roche's net sales of Erivedge®.
DURECT Corporation (NASDAQ: DRRX) is a biopharmaceutical company actively developing new therapeutics based on its Epigenetic Regulator Program and proprietary drug delivery platforms. DURECT's advanced oral, injectable, and transdermal delivery technologies are designed to enable new indications and enhanced attributes for small-molecule and biologic drugs. One late-stage product candidate in this category is POSIMIR® (SABER®-Bupivacaine), an investigational locally-acting, non-opioid analgesic intended to provide up to 3 days of continuous pain relief after surgery. On December 13, 2017, the company announced that Indivior PLC has reported that the U.S. Food and Drug Administration (FDA) has accepted the New Drug Application (NDA) for RBP-7000. RBP-7000 is an investigational, once-monthly injectable risperidone for the treatment of schizophrenia. Indivior PLC further reported that the FDA has set a PDUFA (Prescription Drug User Fee Act) target action date of July 28, 2018.
Egalet Corporation (NASDAQ: EGLT), a fully integrated specialty pharmaceutical company, is focused on developing, manufacturing and commercializing innovative treatments for pain and other conditions. Using Guardian Technology, Egalet is developing a pipeline of clinical-stage, product candidates for which we are seeking partners including Egalet-002, an abuse-deterrent, extended-release, oral oxycodone formulation for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate. Recently, the company announced that it has partnered with OraPharma, Inc., a division of Valeant Pharmaceuticals International, Inc., to co-promote SPRIX (ketorolac tromethamine) Nasal Spray to dentists, dental specialists and oral surgeons across the United States. SPRIX Nasal Spray is a nonsteroidal anti-inflammatory drug (NSAID) indicated for the short-term (up to five days in adults) management of moderate to moderately severe pain that requires analgesia at the opioid level.
Trevena, Inc. (NASDAQ: TRVN) is a biopharmaceutical company focused on providing better, safer therapies to patients in pain. Recently, the company announced that the U.S. Food and Drug Administration (FDA) has accepted the Company's New Drug Application (NDA) for OLINVO™ (oliceridine) Injection. The Company expects that the PDUFA date for the NDA will be in the fourth quarter of 2018. OLINVO is an investigational product for the management of moderate to severe acute pain. It is the first G protein biased ligand of the mu receptor designed to provide IV opioid pain relief with fewer associated adverse effects.
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