Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The U.S. Food and Drug Administration's quest to address the growing opioid crisis is hurting many pharmaceutical companies, including Endo International plc - Ordinary Shares (NASDAQ:ENDP), presenting an opportunity for companies like Alkermes Plc (NASDAQ:ALKS), which makes treatments for opioid addictions.
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Although President Donald Trump's administration approved a $1 billion investment in new addiction prevention and treatment funds, Alkermes isn't necessarily best positioned to benefit, the publication suggested. Specifically, there hasn't been a single study, which compares Vivitrol to less expensive competitors and some of the published studies found that participants returned to opioid use while taking Vivitrol.
A study of 250 patients in Russia, which was vital in securing the FDA's approval of Vivitrol for opioid addiction rather than just alcoholism, not only found that nearly half of the patients failed to stay abstinent but some who received a placebo remained in treatment for longer periods.
This is a problem for Alkermes, which may be pitching Vivitrol to investors as being a miracle drug, the New York Times said. Nevertheless, the company did see sales of Vivitrol raise 33 percent in the first quarter of 2017 as 450 programs across 39 states approve of Vivitrol's use.
Related Links:Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.