BIOMEDICAL INNOVATION CAN HELP SOLVE THE OPIOID CRISIS Opioid addiction is plaguing communities across the country, leaving in its wake countless victims, devastated families
and economic ruin. Long-term solutions to combating this crisis will depend upon biomedical innovation and the development of novel and safer, next generation therapies to treat both pain and addiction. To get these new innovations to the patients whose lives depend on them, we must ensure that the policy and regulatory environment keeps pace with advances happening in the lab. Unfortunately, the reality is that investments in treatments for pain and addiction are not at the levels of other therapeutic areas because of market and regulatory barriers. The public and private sectors must work together to remove these barriers to investment and unleash the full potential of biomedical innovation to solve the opioid crisis. At BIO, we are committed to unleashing the power of scientific innovation to develop solutions that will allow for an America free of prescription opioid addiction. Our companies are dedicated to achieving this by changing the paradigm for the treatment of pain and addiction through an advanced understanding of the biology of these complex diseases and enabling access to and development of innovative medicines and approaches to treatment.
By the Numbers
91 people die every day
>1,000
Source: Centers for Disease Control (CDC)
men & women are treated in emergency rooms daily for misusing these prescription painkillers
The epidemic is costing our nation an estimated $79 billion annually in health and social costs
Source: CDC
Source: CDC
from opioid overdoses
New Treatments on the Horizon
110 Clinical Programs for Novel Pain Drugs 20
40
Phase I
Phase III
60
32 55
Phase II
Source: Princeton economist Alan Krueger
BIO’s Member Companies: Innovation in Action
>71 companies working on novel pain therapies
0
Opioid abuse may explain 20% drop in American men’s labor force participation
22
BIO and Member Companies Seek Solutions BIO and its members are committed to developing solutions to address America’s opioid crisis by: Ensuring patients suffering from pain or addiction are able to receive the right treatment at the right time with the right support, without stigma. Stimulating R&D focused on developing innovative approaches to effectively treat pain and opioid addiction and prevent abuse. Advancing our understanding of the biology of pain and addiction to enable the development of innovative treatments for pain and addiction and ensure appropriate and optimal use of existing therapies.
The biopharmaceutical industry offers real solutions to this devastating crisis. Emerging biotechnology companies and established enterprises are working hard to transform the standard of care for pain and addiction through novel and safer next generation therapies. Example: One technology is an injectable that treats knee pain using capsaicin, a by-product produced of chili peppers. Example: New therapies that target the body’s peripheral nervous system to treat pain without inducing addictive side effects. Example: Novel and safer products for postsurgical pain control and partnering with large hospital chains to develop alternative approaches for pain management. Example: One new medicine helps prevent patients from relapsing to opioid dependence and overdosing following detox.
America grapples with opioid abuse and searches for “Asanswers, we look to biomedical innovation for the solutions we need and deserve. Thanks to extraordinary science and prolific thinking, our industry is uniquely positioned to help solve this crisis through the advances of next generation therapies and cutting-edge technologies.” — Jim Greenwood, President & CEO Biotechnology Innovation Organization
biomedical innovation can help solve the opioid crisis - Biotechnology ...
BIOMEDICAL INNOVATION CAN HELP SOLVE THE OPIOID CRISIS. Opioid addiction is plaguing communities across the country, leaving in its wake countless victims, devastated families and economic ruin. Long-term solutions to combating this crisis will depend upon biomedical innovation and the development of novel.
To get these new innovations to the patients whose lives depend on them, we must ensure ... alternative approaches for pain management. Example: One new ...
Jim Greenwood, President & CEO. Biotechnology Innovation Organization. By the Numbers. New Treatments on the Horizon. Phase I. Phase II. Phase III. 32. 0.
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Psychosocial support including assistance with family, housing, legal, work and other related problems. Relapse prevention counselling â cognitive behavioural.