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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 of MUD | ||
By: GlobeNewswire - 28 Feb 2024 | Back to overview list |
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ANAHEIM, CA, Feb. 28, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – BioCorRx Inc. (OTCQB: BICX) (the “Company”), a developer and provider of innovative 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 20% increase in MUD from 2015 to 2019 (from 872K to 1.048M), with overdose deaths increasing by 182% from 2015 to 2019. MUD represents a significant public health concern, with devastating consequences for individuals, families, and communities across the country. Despite the growing prevalence of MUD, effective treatment options remain limited, underscoring the urgent need for innovative approaches to address this complex and challenging condition. Lourdes Felix, CEO, CFO, and Director of BioCorRx Inc., and President, and Chairman of BioCorRx Pharmaceuticals Inc., commented, “We are honored to receive this non-dilutive grant from NIDA, which underscores our commitment to advancing the field of addiction treatment and improving outcomes for individuals affected by MUD. Currently, there are no approved medications for MUD, and populations at risk of methamphetamine-involved overdose deaths are diversifying. This funding will accelerate our research efforts to develop BICX104 alone or in conjunction with bupropion for the treatment of MUD; potentially helping more individuals achieve reduced drug use and lasting recovery and reclaim their lives.” About BICX104 Information about the study can also be found at www.clinicaltrials.gov under NCT number 04828694. BICX104 is being developed through a cooperative agreement with the NIDA, part of the NIH, under award number UH3DA047925, funded by the Helping to End Addiction Long-term Initiative, or NIH HEAL Initiative. This award is subject to the Cooperative Agreement Terms and Conditions of Award as set forth in RFA DA-19-002 entitled, Development of Medications to Prevent and Treat Opioid Use Disorders and Overdose (UG3/UH3) (Clinical Trial Optional). The NIH Helping to End Addiction Long-term® Initiative or NIH HEAL Initiative®, is an aggressive, trans-NIH effort to speed scientific solutions to stem the national opioid public health crisis. Launched in April 2018, the initiative is focused on improving prevention and treatment strategies for opioid misuse and addiction and enhancing pain management. For more information, visit: https://heal.nih.gov. Research reported in this publication was supported by the National Institute On Drug Abuse of the National Institutes of Health under Award Number U01DA059994 and UH3DA047925. The content is solely the responsibility of the authors and does not necessarily represent the official views of the National Institutes of Health. About MUD About OUD About BioCorRx Inc. Forward-Looking Statements
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