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Friday, 01/18/2019 4:30:46 PM

Friday, January 18, 2019 4:30:46 PM

Post# of 12606
On January 17, 2019, the Company received a Notice of Award from the United States Department of Health and Human Services for a grant from the National Institutes of Health (“NIH”) in support of the Company’s project to develop a 3-month implantable depot pellet of Naltrexone for the treatment of Opioid Use Disorder from the National Institute on Drug Abuse. The grant provides for (i) $2,842,430 in funding during the first year and (ii) $2,831,838 during the second year subject to the terms and conditions specified in the grant, including satisfactory progress of project and the availability of funds.



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