Titan Pharmaceuticals Inc (TTNP)

[Doctor Detroit]

Apparently, there's the possibility of a budget deal in Congress in the next week. If we survive the next few days, we might just have some clarity about federal funding. Senate is on verge of a 2 year funding bill:

The prospective longer-term budget agreement would give both the Pentagon and domestic agencies relief from a budget freeze that lawmakers say threatens military readiness and training as well as domestic priorities such as combating opioid abuse and repairing the government’s troubled health care system for veterans.


https://wtop.com/national/2018/02/house-gop-plans-stopgap-spending-bill-with-pentagon-funding/

The Democrats are going to vote for any additional funding. The issue is getting Republican support.

Current funding under the Cures Act is approximately $500 million a year ($400 million increase from 2016 levels). The last time the Senate voted on opioid funding in the attempt to repeal Obamacare in early 2017, the Republican proposal included $45 billion over ten years ($4.5 billion a year, 9x the current level of funding).

The Democrats are currently proposing $25 billion over two years ($12.5 billion a year, 25x the current level of funding), with a large portion of that to go to medicare/medicaid for treatment (including MAT).