OxyContin's maker is accused of fueling the opioid epidemic. Its new overdose antidote was just fast-tracked by the FDA.
The company whose drugs are at the center of America's deadly opioid epidemic was given a green light Wednesday to accelerate the development of a new opioid antidote.
The FDA's fast-track designation facilitates the development and expedites the review of drugs that treat serious conditions and fill an unmet medical need."If approved, the duration of effect of nalmefene HCl injection has the potential to serve as an important alternative for the treatment of opioid overdose," Purdue said in a statement. In 2017, over 47,000 US drug overdose deaths were attributed to opioids, and more than half involved synthetic narcotics, like illicit fentanyl.
According to Forbes, the Sackler family is one of the country's wealthiest, worth approximately $13 billion, and is well-known for their philanthropy. In an interview with the Washington Post this week, Landau said that bankruptcy is an option for the company."We are considering it, but we've really made no decisions on what course of actions to pursue. A lot depends on what unfolds in the weeks and months ahead," he said.
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