PropThink: ENDP Validates That New Opana ER Formulation Reduces Abuse; Stock Should Respond Favorably

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By Jake King

Against a backdrop of growing opioid abuse in the U.S., Endo Health Solutions (NASDAQ:ENDP - News) announced another step Monday night in its efforts to curb abuse of its older, first generation pain management drug, Opana ER, and solidify market dominance of its new abuse-resistant formulation, launched in mid-2012. The companyaddeda supplement to its existing Citizen Petition (CP) to the FDA, including the results of a year-long study that, according to the company, demonstrate, "abuse of the reformulated Opana ER was reduced by 59 percent, based on the total number of prescriptions dispensed, versus the rate observed for the non-tamper-resistant formulation of Opana ER, which is no longer being manufactured by the company."Continue reading.

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