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Stock impact report

BioCorRx Pharmaceuticals Inc. Awarded NIDA Grant of Approximately $11 million Over Three Years for Research on BICX104, a Naltrexone Implant in Combination with Bupropion for the Treatment...

BIOCORRX INC NEW (BICX) 
NASDAQ:AMEX Investor Relations: ir.biocorrx.com
Company Research Source: Yahoo! Finance
treatment programs for substance use and related disorders, announced that its subsidiary BioCorRx Pharmaceuticals Inc. has been awarded a 3-year grant for approximately $11 million from the National Institute on Drug Abuse (NIDA), part of the National Institutes of Health (NIH), under award number U01DA059994 for the development of BICX104, a subcutaneous, long-duration naltrexone implantable pellet, alone or in conjunction with bupropion for the treatment of methamphetamine use disorder (MUD). Clinical studies have supported the use of naltrexone in the treatment of MUD, as well as the combination of naltrexone with bupropion to significantly reduce the use of methamphetamines. The number of people meeting the criteria for MUD, and methamphetamine-involved overdose deaths and arrests, increased from 2015 to 2019 according to a secondary data analysis by Pew , which shows that arrests for meth possession during this period increased by 59%. Data reported by NSDUH and CDC showed a Show less Read more
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