Alitair Pharmaceuticals Wins Federal Grant to Research Technology Aimed at Reducing Prescription Drug Overdose Deaths
MORRISTOWN, New Jersey – Nov. 1, 2010 – Alitair Pharmaceuticals, Inc., a life sciences product development company, today announced that it has been awarded a grant under the Qualifying Therapeutic Discovery Program (QTDP). The QTDP was part of the Health Care Reform Act and provides $1 billion in funding for
projects that address an unmet medical need or would advance the effort toward a cure for cancer. Further, the product must lead to high quality manufacturing jobs in the United States. Alitair was awarded $244,479 to conduct research on how to reduce the chance of accidental prescription drug overdose.
"We are extremely pleased to announce that Alitair has been awarded a significant grant to further our work to reduce prescription drug overdose," said Dr. William Howard, President and CEO of Alitair Pharmaceuticals, Inc. "Prescription drug overdose is a serious public health problem for which no technologies have been deployed. According to the CDC, each year about 1 million patients go to the emergency room for prescription drug overdose, and about 150,000 are admitted to the hospital."
"About 12,000 of these patients die each year," continued Dr. Howard. "The total number of deaths from cocaine and heroin overdose is about 5,000 and 2,000 per year respectively, so prescription drug overdose claims almost twice as many lives as cocaine and heroin combined. We believe a tremendous need exists for a technology that can reduce these prescription overdose deaths."
About Alitair Pharmaceuticals:
Alitair Pharmaceuticals is a specialty pharmaceutical company focused on the development of new and improved respiratory, pain and women’s health products. The Company is currently focused on prescription and OTC cough medications, but overdose reduction is an important area of long term research for Alitair.
Source: Alitair Pharmaceuticals, Inc.
Contact: Faith Pomeroy-Ward
Vice President, Corporate Development