Despite widespread addiction and deaths recorded across the country, a consortium of state attorneys general agreed to a $26 billion settlement with four major drugmakers who created and sold opioid medicines. The settlement brought to light the scope and severity of the US public health concern. In 2019, about 50,000 people in the United States will die from opioid overdoses. Every year, the country spends $78 billion on prescription opioid usage. Pfizer and Novartis AG are two companies working on therapies for opioid overdose.
Here is Insider Monkey’s list of the 10 pharma companies making treatment for opioid overdose. On the list of ten pharmaceutical firms that treat opioid overdose, Opiant Pharmaceuticals, Inc. is ranked tenth. The company focuses on the development of medications for the treatment of drug addiction and overdoses. The company’s headquarters are in California. Titan Pharmaceuticals, Inc. is ranked ninth on our list of the top ten pharmaceutical companies that specialize in opioid overdose treatment. Probuphine, a drug used in addiction maintenance treatment, is manufactured and sold by the company. It has a market capitalization of $22 million and generated over $4.8 million in revenue last year. Lannett Company, Inc., a Pennsylvania-based pharmaceutical company, is ranked eighth on the list of the top ten pharmaceutical companies that treat opiate overdose. The company has a market capitalization of more than $180 million and revenue of more than $545 million last year. BioDelivery Sciences International, Inc. is a North Carolina-based specialized pharmaceutical firm. For the first quarter of the current fiscal year, the company’s profits per share and revenue fell short of market forecasts. On our list of the top ten pharmaceutical companies that treat opioid overdose, it is ranked seventh. Amneal Pharmaceuticals, Inc. is ranked sixth among the top ten pharmaceutical companies that treat opioid overdoses. The company manufactures and distributes Naloxone medicine, which is used to counteract the effects of opioids. For more details, click 10 Pharma Companies Making Treatment for Opioid Overdose.