Statement in Support of Legislation Fostering a Market

New Post Public Reply Private Reply Replies (0) Message Board
Couch

Statement in Support of Legislation Fostering a Market Transition to Abuse-Deterrent Medications

March 15, 2013

U.S. Capitol, 2359 Rayburn House Office Building

Representatives Keating, Kennedy, Rahall, and Rogers, thank you for your veritable commitments to reducing prescription drug abuse.

The Center for Lawful Access and Abuse Deterrence (CLAAD) is a national non-profit dedicated to reducing prescription drug abuse while protecting patient access to care. I am Mike Barnes, executive director of CLAAD.

Pharmaceutical companies must take responsibility for the safety of their products. That’s what the STOPP Act is about. It really is that simple.

Some companies have heeded the public’s call to improve their products’ safety. They voluntarily removed their pain pills from the market and replaced them with new versions designed to thwart common forms of abuse.

In transitioning to tamper-resistant medications, drug companies have slashed their products’ rates of abuse. Tampering and abuse have decreased by 71 percent in the case of one medication and 59 percent for another.

These new, abuse-deterrent products cost no more to consumers than their prior formulations.

Our progress is in jeopardy.

In January, the FDA granted approval for a traditional, more readily abused opioid formula to come back to the market in cheaper, generic form. Anecdotal evidence from law enforcement indicates that abuse of the non-abuse-deterrent product is already severe.

If Congress does nothing, the old, abuse-friendly variety of oxycodone can be expected to reach our communities as early as April 16. That’s just one month away.

And that’s why we need the STOPP Act, now.

The STOPP Act will prohibit any old-formula opioid from entering the market if the FDA has approved an abuse-deterrent version of the therapy. It codifies industry’s moral obligation to make its products safer. This bill is better than bi-partisan. It is non-partisan.

Generic drug makers will have you believe that passing this bill will keep generic drugs off the market. That is not the case. Passing this bill will keep easily abused medications off the market.

Generic makers may create their own abuse deterrents or license tamper-resistant delivery mechanisms from other drug companies.

Industry has already shown that it is possible to make pills safer without significantly increasing prices.

Approving easy-to-abuse drugs when abuse-deterrent versions of them are already available will annihilate the budding market for innovative, safer medications. The consequences for families and communities will also be fatal.

The STOPP Act provides for a shift in the market in favor of safer medications – both brand and generic. Members of Congress, we urge you to pass the STOPP Act before the easy-to-abuse oxycodone flows back into our communities on April 16.

Thank you.

Elite Pharmaceuticals Inc (ELTP) Stock Research Links

ELTP Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

HNTB Expands in Capital Region: A Strategic Move

Updated Category News Views 2

Breaking New Ground in Arlington and Baltimore Deepening their stake in the Capital Region's future, HNTB has thrown open new office doors in Arlington, Virginia, and Baltimore, Maryland. We're not just talking fancy buildings, folks—this is about securing a piece of the infrastructure pie that's only going to get bigger and tastier. Infrastructure's the backbone of...

Continue Reading
Annex Brands Grows with Bastrop's PostalAnnex Opening

Updated Category News Views 5

New PostalAnnex Location Opens in Bastrop, TX Here's a fresh chapter in the books for Annex Brands, Inc. They've just cut the ribbon on a brand spanking new PostalAnnex in Bastrop, Texas, handing the reins over to eager fresh faces, Chetan Modi and Karan Desai. And you know what? This ain't just any regular location. It's a one-stop-shop for anything you could need, from...

Continue Reading
Nature-Based Solutions: The Economic And Community Impact

Updated Category News Views 8

Harnessing Nature to Boost Economies You ever stop to think about how nature itself might just be the best investment? Well, the Walton Family Foundation surely does, betting big on nature-based solutions. Their latest initiative, 'Human Nature,' is shedding light on how these solutions aren't just saving ecosystems — they're fortifying economies and enriching...

Continue Reading
Tenera Care's Tech Triumph: Halving Falls with Simplicity

Updated Category News Views 6

Every once in a while, a piece of tech comes along that makes you sit up and say, ‘Now that’s a game-changer!’ And with the recent rave reviews, Tenera Care seems to hit just that sweet spot for folks in the senior living game. By handing Dublin Glenn Memory Care the gold in the KISS category at the 2026 McKnight's Technology Awards, it’s clear the industry is...

Continue Reading
Molex's VersaBeam Mini Pushes AI Data Center Limits

Updated Category News Views 3

Game-Changer for AI Data Centers? Across the tech landscape, space is a premium, and Molex's new VersaBeam Mini arrives like a hail Mary in the fourth quarter. In AI data centers, squeezing down every single component counts—especially when optical density's in play. What we're seeing here is a potential paradigm shift. A 3x density improvement from a tiny 3.5 x 9 mm...

Continue Reading
Lavior and CR Fitness Team for Wellness Reach

Updated Category News Views 2

Botanical Care Meets Gym Life in the Southeast Lavior, the botanical whiz kids of wound and skin care out of Miami, are shaking hands with CR Fitness, Crunch's big-time franchise operator carrying the flag across the Southeast. They’ve ironed out a deal that’ll park Lavior’s products in more than 60 gyms covering Florida, Georgia, North Carolina, and Texas. It’s a...

Continue Reading
Spencer Peterman Hosts Eco-Friendly Wood Bowl Sale

Updated Category News Views 4

Just when you think you've seen it all in the world of craftsmanship, along comes a dynamo like Spencer Peterman. For over 25 years, he's been turning what others discard into treasures. Fallen trees? Most folks see firewood. Spencer sees a future masterpiece. And now, he’s rolling out the welcome mat for his loyal customers with a special sale that runs until December...

Continue Reading
Lawsuit Targets Electrical Consultants' Labor Practices

Updated Category News Views 4

Trouble Brews at Electrical Consultants, Inc. Right on the heels of a long workday, some employees of Electrical Consultants, Inc. seem to be getting a double whammy. The company is tangled up in a class action lawsuit lodged by the well-known Blumenthal Nordrehaug Bhowmik De Blouw LLP. This ain't your everyday grievance, folks; we're talking meal and rest period...

Continue Reading
Castillo Engineering Gears Up with New VP Appointments

Updated Category News Views 3

New Leadership to Drive Expansion In a boost to its commitment to scaling up, Castillo Engineering, based in Maitland, Florida, has roped in two veterans from the renewables sector as vice presidents. Aaron Carrillo and Devin Radovich, who share a history of successful collaboration at Renewable Energy Systems Americas (RES), are set to guide Castillo's growth in the...

Continue Reading
Lititz Mutual Embraces AI with Guidewire ProNavigator

Updated Category News Views 6

It's not every day you see a company like Lititz Mutual making moves in the artificial intelligence (AI) arena. Based out of Lititz, Pennsylvania, this insurance firm has decided to shake things up with Guidewire's ProNavigator AI assistant. Forging New Paths in Insurance Lititz Mutual is set to inject some serious tech into their operations. The goal? Make life easier...

Continue Reading

Top 5 Most Recently Viewed Articles

Insights into Acushnet Holdings' Insider Stock Purchase

Updated Category News Views 144

CEO Confidence Shines Through at Acushnet Holdings Acushnet Holdings (GOLF) is turning heads with a significant move from its President and CEO, Eugene David Maher. Recently, Maher purchased 2,453 shares for a total of $155,446. Now, why does this matter? When the top dog puts his own money where his mouth is, it’s more than just personal finance—it’s an investment...

Continue Reading
Baby Bottle Market Insights: Growth Driven by Formula Adoption

Updated Category News Views 266

Understanding the Baby Bottles Market The Global Baby Bottles Market is on a significant upward trajectory, with an estimated growth of USD 1.05 billion from 2024 to 2028. This trend is attributed to the rising adoption of formula milk among parents who seek reliable and safe feeding solutions for their infants. As of late, the market is projected to grow at a compound...

Continue Reading
Strategic Collaboration Challenges Kura Oncology's M&A Potential

Updated Category News Views 103

The Impact of Kura Oncology's Collaboration with Kyowa Kirin Kura Oncology (NASDAQ: KURA) faced a significant downturn in its share price, dropping more than 36% following news of a strategic partnership with Kyowa Kirin. This collaboration centers around ziftomenib, Kura’s leading drug candidate aimed at treating acute myeloid leukemia (AML). Valued at over $1.5...

Continue Reading
Maximize Your Retirement: Roth IRA Conversion Insights

Updated Category News Views 311

Maximizing Retirement Savings Through Roth IRA Conversions Guidance from President Deana Jackson on Smart Conversion Strategies As individuals seek effective methods for managing their tax responsibilities in retirement, 300 Financial Group is leading the way by highlighting the advantages of Roth IRA conversions. This strategic maneuver can provide significant long-term...

Continue Reading
MBK Partners Responds to Allegations by Korea Zinc with Clarity

Updated Category News Views 197

MBK Partners Addresses Allegations from Korea Zinc MBK Partners has recently issued a statement dismissing allegations made by Korea Zinc concerning a supposed breach of a Non-Disclosure Agreement (NDA). This response comes after Korea Zinc escalated its claims, and MBK Partners aims to clarify the situation to uphold its reputation. Clarification of Structure and...

Continue Reading