Hikma and Emergent BioSolutions Partner on KLOXXADO Sales
Hikma's Strategic Partnership for KLOXXADO
Hikma Pharmaceuticals PLC has established a significant partnership with Emergent BioSolutions to market KLOXXADO® (naloxone HCl) nasal spray in North America. This collaboration will enable both companies to strengthen their presence in the vital market of opioid emergency treatments. KLOXXADO® is specifically designed for the emergency treatment of suspected or known opioid overdoses, including those where respiratory depression occurs in patients of any age.
Details of the Agreement
The six-year agreement positions Emergent as the primary distributor for KLOXXADO® in the United States and Canada, leveraging their existing expertise in the naloxone market. The partnership will ensure that KLOXXADO® complements Emergent's current product offerings, which include NARCAN® Nasal Spray, an already recognized over-the-counter naloxone product.
As part of this deal, Hikma will maintain manufacturing operations for KLOXXADO® at their Columbus facility in Ohio. This will ensure a steady supply of the naloxone product, which is critical for addressing the escalating opioid crisis by providing practitioners and the public with effective means to respond to overdose incidents.
Importance of Naloxone in Opioid Overdoses
Naloxone hydrochloride, the active ingredient in KLOXXADO®, is a life-saving medication that counteracts the effects of opioid overdoses. The demand for naloxone has surged as communities intensify their battle against opioid addiction and overdose fatalities. With every KLOXXADO® nasal spray providing ease of use, first responders and bystanders can potentially reverse the deadly effects of opioids in emergency situations.
Community Impact of KLOXXADO
Hafrun Fridriksdottir, President of Hikma's Generics division, expressed enthusiasm about the partnership, highlighting the importance of getting naloxone into the hands of those who need it most. This collaboration aims to not only improve access to life-saving medications but also engage with stakeholders in a meaningful way. Fridriksdottir reassures that Hikma continues to uphold its commitment to providing an array of naloxone products, allowing wider accessibility to individuals, families, and communities.
About Hikma Pharmaceuticals
Hikma Pharmaceuticals PLC (NASDAQ: HKMPY) is dedicated to improving healthcare outcomes globally. With a rich history spanning over four decades, Hikma focuses on manufacturing high-quality pharmaceuticals. Their expertise ranges from branded treatments to generic medicines, ensuring that millions can access necessary healthcare solutions. As a prominent global player, Hikma leverages its extensive network to distribute effective medicines while continually expanding its offerings to meet the evolving needs of the market.
Future Directions for KLOXXADO
The introduction of KLOXXADO® in North America is expected to further galvanize initiatives aimed at mitigating opioid overdoses. With ongoing education and training surrounding the use of naloxone, public health organizations are optimistic about reducing the staggering toll of opioid-related deaths. This strategic partnership between Hikma and Emergent BioSolutions stands as a critical step in enhancing drug availability while promoting awareness and engagement within communities.
Frequently Asked Questions
What is KLOXXADO®?
KLOXXADO® is a nasal spray formulation of naloxone HCl designed for the emergency treatment of suspected or confirmed opioid overdoses.
Who is Hikma Pharmaceuticals?
Hikma Pharmaceuticals PLC is a global pharmaceutical company known for producing high-quality generic and branded medicines.
How does naloxone work?
Naloxone rapidly reverses the effects of opioids, including respiratory distress, allowing normal breathing to resume in overdose situations.
Where will KLOXXADO® be available?
KLOXXADO® will be marketed in the United States and Canada through this partnership with Emergent BioSolutions.
What other products does Emergent BioSolutions offer?
Emergent also distributes NARCAN® Nasal Spray, which is another FDA-approved naloxone product used for emergency opioid overdose treatment.
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