Klaria Pharma initiates clinical program for Naloxone Alginate Film to prevent opioid overdose
“After having secured a financing round of 27 MSEK, we are now expanding Klaria’s operations and launching the clinical program for Naloxone Alginate Film to prevent opioid overdose. The US Department of Health and Human Services (HHS) views co-prescription of naloxone with opioid based pharmaceuticals as a prioritized area to reduce the risk of opioid overdose. Today, however, Naloxone is only being co-subscribed in a few percent of all cases, as the nasal sprays available on the market are not fit for purpose while also being too expensive, bulky and burdened with other disadvantages. Naloxone Alginate Film addresses these challenges,” says Klaria’s CEO Jesper Wiklund.
“We are planning to apply for market approval in Europe and the United States in 2023. We see a substantial value in this clinical program and expect a significant interest from healthcare authorities and pharmaceutical companies that are eager to reduce the number of human tragedies as well as the substantial societal costs associated with the use misuse of opioid-based pharmaceuticals,” says Jesper Wiklund.
With today’s announcement, Klaria will initiate two clinical studies in the second half of 2020. The second study is a pivotal bioequivalence study with Sumatriptan Alginate Film for migraine which is financed by the EU Horizon 2020 program. Preparations for the initiation of this clinical study during the latter part of 2020 are proceeding according to plan.
Co-prescription of naloxone with opioid-based pharmaceuticals
The United States and several other countries have been severely affected by addiction problems and overdoses associated with the use of opioid-based pharmaceuticals for pain. In 2018, 168 million prescriptions for these pharmaceuticals were dispensed in the United States. About half of all persons receiving these pharmaceuticals are at risk of complications, and US authorities recommend that co-administration with naloxone should be made in these cases. However, this is done in only a few percent of all relevant cases, despite the fact that the HHS views this as a high priority issue. This is partly due to the fact that the leading nasal spray offered today costs about 140 USD for two units. Nasal sprays are also bulky and take up a lot of space when kept in stock in large volumes at the pharmacies. Klaria expects to be able to offer Naloxone Alginate Film at around one sixth of the price of the leading nasal spray on the market, corresponding to an addressable market of 1.9 billion USD. At the same time, a package of Alginate films does not take up much more space than a stamp, making it possible to store the product in large volumes.
A presentation on the potential of Naloxon Alginate Film has been published on Klaria’s website, and can be reached via this link: https://www2.klaria.com/wp-content/uploads/2020/06/Klaria-Naloxone-Intro_Summer-2020.pdf