Purdue Wants To Make New Opioid Overdose Drug

Law360 (February 12, 2020, 9:47 PM EST) -- Purdue Pharma LP is seeking bankruptcy court approval to begin developing an injectable treatment to reverse overdoses of fentanyl and other opioids, telling the court that time is of the essence in addressing a public health crisis that many have alleged it helped create.

The pharmaceutical giant said in a redacted filing with a federal bankruptcy court in New York on Tuesday that authorization of a development agreement between its affiliate Greenfield Bioventures LP and an unnamed specialty pharmaceutical company “is in the best interest of the debtors and all stakeholders.”

Purdue said nalmefene hydrochloride is more potent and longer lasting...

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