The Latest: Lawyer questions drug company motive with grant
The Latest on Purdue PharmaвЂ™s funding to help develop a lower-price overdose antidote (all times local):
A lawyer for local governments suing the opioid industry is questioning the motives of a major prescription painkiller producer making a grant to develop a lower-price overdose antidote.
Paul Hanly says Purdue PharmaвЂ™s $3.4 million is вЂњa strategic moveвЂќ for the benefit of a judge who is overseeing more than 1,000 lawsuits against the drug industry. At the same time, he said, it is beneficial to have a lower-cost version of naloxone (nuh-LAHXвЂ™-ohn) nasal spray available.
The company that makes OxyContin announced the grant Wednesday to Harm Reduction Therapeutics, a Pittsburgh-based non-profit. Purdue says itвЂ™s advancing public safety.
The antidote is widely used but can be expensive for governments fighting the effects of a nationwide opioid overdose crisis.
A company whose prescription opioid marketing practices are being blamed for sparking a nationwide overdose and addiction crisis says itвЂ™s helping fund an effort to make a lower-cost overdose antidote.
OxyContin maker Purdue Pharma announced on Wednesday that itвЂ™s making a $3.4 million grant to Harm Reduction Therapeutics, a Pittsburgh-based non-profit, to help develop a low-cost naloxone (nuh-LAHXвЂ™-ohn) nasal spray.
First responders, drug users and others have taken to carrying naloxone to reverse overdoses. But the price of the drug has been a problem for state and local governments.
Harm Reduction Therapeutics says it is trying to get its version to the market within two years.
The announcement from Stamford, Connecticut-based Purdue days after the number of lawsuits against the drug industry under one federal judgeвЂ™s watch topped 1,000.