Benchmark analyst Robert Wasserman noted that pharmaceutical non-profit group Harm Reduction Therapeutics announced that their application for an over-the-counter version of anti-opioid overdose nasal naloxone spray has been accepted by the FDA with a PDUFA date of April 28, which is about a month after Emergent BioSolutions’ OTC version’s PDUFA date of March 29. If approved, HRT plans to sell its Rivive product for $18 per dose while giving away one tenth of its production altogether, while Emergent’s NARCAN spray recently sold for a cash price of $100, Wasserman tells investors. The analyst, who said nasal naloxone products are expected to account for up to 35% of Emergent’s revenues this year, continues to rate shares at Hold due to negative quarterly earnings comparisons expected in the near-term.
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