Opiant Pharmaceuticals Inc (NASDAQ:OPNT) has dosed the first patient in Phase 2 trial of OPNT002, nasal naltrexone, for Alcohol Use Disorder (AUD).
- The trial will determine whether OPNT002 reduces heavy drinking as measured by a change in the World Health Organization (WHO) drinking risk levels.
- Opiant is developing OPNT002 to rapidly increase plasma concentrations of the drug following dosing and thereby block mu and delta-opioid receptors.
- Also See: Opiant Pharma Stock Surges On Positive Nasal Nalmefene Data In Opioid Overdose Study
- In previous research, OPNT002 has demonstrated rapid nasal absorption, delivering high levels of naltrexone yet with a short half-life. Results from Phase 1 studies indicate that OPNT002 produces maximum plasma concentrations that are approximately 50% higher than orally administered naltrexone.
- The trial will enroll approximately 300 patients and feature a Sequential Parallel Comparison Study Design (SPCD) to reduce placebo response.
- Results from the trial are expected in 2023.
- Price Action: OPNT shares closed 2.89% lower at $25.52 on Thursday.
