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Maryland Pharma Company Buys Overdose Reversed Narcan Maker | nation



GAITHERSBURG, Md. (AP) – A pharmaceutical company in Maryland will acquire Narcan opioid overdose nasal spray manufacturer.

The Baltimore Sun reports that Emergent Solutions has agreed to pay $ 735 million in cash and shares to Ireland. based Adapt Pharma. CEO Daniel J. Abdun-Nabi said in a Wednesday statement that the widely used drug is consistent with Emergent's position to "protect and improve life".

The federal government has declared the opioid epidemic a public health emergency claiming thousands of lives. 19659002] Narcan is the only approved nasal spray version of Naxolon that costs $ 1

50 for two cans. While public health programs can negotiate lower prices, access and affordability remain a problem.

Doug White of Emergent says the company plans to invest in addiction and overdose drugs and work with federal officials to ensure grants to offset costs

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This article has been corrected to to correct the spelling of Doug White's first name.

Information from: The Baltimore Sun, http://www.baltimoresun.com

Copyright 2018 The Connected Press. All rights reserved. This material may not be published, transmitted, rewritten or redistributed.


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