Nutriband Welcomes Back Gareth Sheridan as CEO for New Goals
Nutriband's Leadership Transition and Future Goals
Nutriband Inc. has announced the return of its founder, Gareth Sheridan, as CEO, following a brief period where co-founder and Chairman, Serguei Melnik, assumed leadership duties. Sheridan's reappointment is seen as a strategic move to guide the company through its pivotal developments, especially as the firm approaches key milestones in its product pipeline.
Focus on AVERSA Fentanyl Development
With the target NDA filing for AVERSA Fentanyl slated for 2026, the company is gearing up to make a major impact in opioid pain management. AVERSA Fentanyl is envisioned as the world's first abuse-deterrent opioid patch, designed to reduce both the potential for misuse and the risk of accidental exposure.
Market Potential of AVERSA Fentanyl
AVERSA Fentanyl carries an exciting potential, with projections indicating annual US sales could reach between $80 million and $200 million. While the company plans to initially focus on the US market, the global need for effective pain management solutions opens doors for AVERSA in major medical markets worldwide.
Innovation in Drug Safety
The technology behind AVERSA Fentanyl is groundbreaking. By incorporating aversive agents into transdermal patches, Nutriband aims to enhance the safety profile of drugs while maintaining accessibility for patients in need. The intellectual property supporting this technology is robust, with patents granted across numerous countries.
About Nutriband's Vision
Nutriband is dedicated to the advancement of transdermal pharmaceutical products, with AVERSA being the flagship innovation. The company’s commitment to creating safer alternatives to conventional opioid therapies reflects a broader goal of addressing the ongoing opioid crisis by ensuring that necessary medications are available while minimizing the risk of abuse.
Contact Information
For more information, you can reach out to Nutriband Inc. at 407-377-6695 or via email at info@nutriband.com. Their website also provides valuable insights into their offerings at www.nutriband.com.
Frequently Asked Questions
What prompted Gareth Sheridan's return as CEO?
Gareth Sheridan's experience and vision are crucial for steering Nutriband's product developments, particularly in relation to AVERSA Fentanyl.
What is AVERSA Fentanyl?
AVERSA Fentanyl is a proposed abuse-deterrent opioid patch aimed at reducing misuse and accidental exposure to fentanyl.
What are the potential sales projections for AVERSA Fentanyl?
The potential annual sales for AVERSA Fentanyl in the US could reach between $80 million and $200 million.
How does Nutriband ensure the safety of its products?
Nutriband incorporates aversive agents into their transdermal patches to enhance safety and minimize abuse risk while maintaining patient accessibility.
How can I contact Nutriband for more information?
You can contact Nutriband at 407-377-6695 or via email at info@nutriband.com for inquiries.
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