BioDelivery Sciences Secures Exclusive Preferred Formulary Status for BUNAVAIL® with Tennessee Medicaid (TennCare)

BioDelivery Sciences International, Inc. BDSI secured a two-year contract with Tennessee Medicaid, also referred to as TennCare, making BUNAVAIL® (buprenorphine and naloxone buccal film, CIII) the only buprenorphine/naloxone treatment for opioid dependence with preferred coverage status on TennCare's preferred drug list (PDL). Preferred coverage status for BUNAVAIL means that all patients will receive BUNAVAIL, with the exception that non-preferred products can be used only following trial and failure, contraindication or intolerance to the preferred product, BUNAVAIL. "Tennessee represents the single largest state in the country with regard to Medicaid prescriptions for buprenorphine/naloxone products for the treatment of opioid dependence, and the selection of BUNAVAIL as the preferred treatment is in part reflective of the important patient benefits it provides," said Dr. Mark A. Sirgo, President and Chief Executive Officer of BDSI. "This agreement provides BUNAVAIL a substantial platform to demonstrate its value in treating this serious condition and helping patients on their path to recovery. The State of Tennessee has placed significant responsibility upon us by providing preferred coverage status for BUNAVAIL, which we take very seriously, and we look forward to working with physicians, pharmacists and other healthcare providers in the state of Tennessee during this transition."