Egalet Corp Positioned Well As Obama Administration Fights Prescription Drug Abuse
This is great Egalet sells ACUR's Oxaydo...let EGLT have all the glory right now. Sooner or later they will figure it out. Then they will say hey Egalet Market cap $197 million, ACUR market cap $22 million.
By Brett Hershman of Leverage Equity
Wednesday, February 10, 2016 5:14 PM EST
The White House has announced a $1.1B initiative to combat prescription opioid drug abuse. In President Obama's most recent State of the Union Address, he identified prescription drug abuse as one of his top priorities. Currently, 2.1 million Americans suffer from opioid-based dependence or abuse. One company has been in the news with its proprietary technology that makes it difficult to abuse prescription drugs, keeping them from being crushed or turned into more easily abusable powder.
Egalet (EGLT) is a small cap ($195M) specialty pharmaceutical company that was founded in 1995. It is the first company to develop an erosion-based pill that allows for the controlled release of drugs and also deters abuse. The company went public in 2014 and was added to the Nasdaq Biotechnology Index in December.
