How to Profit from Pharmaceuticals: Timber Pharmaceuticals (NASDAQ:TTPM)
Trending Topics AICC Pharmaceuticals is a specialty pharmaceutical company focused on development and commercialization of the high-potency opioid derivatives, opioid analgesics, and related medicines.
Founded in 2006 by John M. Timber, it was acquired by the US Food and Drug Administration (FDA) in 2011.
It was also acquired by Pfizer (NYSE:PFE) in December 2016 for $1.6 billion.
The company is headquartered in Atlanta, Georgia.
The majority of its products are manufactured by its pharmaceutical division.
Trending headlines October 2018: B.C. government says it will no longer cover opioid overdose deaths The B. Canada government says that it will cease funding the province’s opioid overdose death fund, saying it is now in the midst of a crisis of the largest kind seen in Canada in a generation.
On Monday, B. C. Health Minister Brenda Blaikie announced the decision, calling it “a crisis that has never been seen in the province.”
The province is one of Canada’s largest producers of opioid analgesic and painkillers.
The province had previously offered $3.5 million a year in funding for the fund to help pay for overdose prevention services.
Blaikies announcement came just hours after the BC NDP announced it would introduce a bill that would make the province a co-author of a national opioid overdose fund.
The NDP says it is proposing legislation that would allow the province to fund the overdose prevention needs of at-risk youth, seniors and people with chronic illnesses.
The BC NDP also proposed the following legislation in their May 2nd budget: A national fund to provide immediate overdose prevention and addiction services for people in the community; An emergency fund for emergency overdose treatment, treatment and support services for the families of overdose victims; A funding mechanism for the BC Ambulance Service; Funds for the prevention of fentanyl and other opioid-related deaths; The establishment of a new program to provide long-term support services to people with a serious overdose; $25 million to develop and market the fentanyl-contaminated products and other products; Expanded funding for supervised injection sites; Support for supervised drug use programs; Public health initiatives to increase awareness of the risks of opioid use and abuse.
In the province, overdose deaths rose by more than 17 per cent from 2015 to 2016, according to the latest figures released by Health Canada.
A total of 623 people died of an opioid-associated overdose between October 1, 2017 and December 31, 2018, according the BC Medical Association.
That is the second-highest number of overdose deaths since 2006, when there were 1,093 deaths.
B.C.’s opioid crisis has also led to a sharp rise in opioid-addiction admissions in hospitals, with one in four people diagnosed with an opioid dependence.
Overdose deaths have also soared in BC.
Between October 1 and December 26, 2018 there were 2,935 opioid-involved hospital admissions in the Province.
The province’s Chief Medical Officer, Dr. Elizabeth Gao, told a press conference that there has been an “urgent need for prevention programs, including opioid-specific overdose prevention programs” in the City of Vancouver.
“We cannot continue to see the number of people who die from an overdose go up in this province,” Gao said.
“There is a real need for increased public education and increased access to overdose treatment services for those who need it most.”
Brianna Clements, who heads up the BC Health Authority, told the BC News that B. c. is on track to surpass the state of New Jersey in the number and number of opioid-overdose deaths.
In the last three years, the number has nearly doubled.
At the time of its announcement, the province said that it has a $3 billion crisis fund to support overdose prevention efforts, but that it was “deeply concerned about the pace of implementation” of the funding.
Despite the growing crisis in the state, the BC government says they are on track for $30 million in emergency funding to help treat those who are addicted to opioids, which is more than they have received in the past decade.
However, in the same press conference, BCH chief medical officer Dr. Daniella Smith said that she was not optimistic about how quickly the province could move into a new funding model.
“I am worried about the availability of funds in the next two years,” she said.
BC Premier John Horgan said that he would be meeting with his provincial colleagues in the fall to discuss how best to address the crisis.
Clements told the CBC News that the BC Liberals plan to introduce legislation to create a national fund, which would be funded by provincial taxes.
She added that she hoped that the provincial government would