The lack of a 3-month olanzapine formulation, creates a tremendous unmet need within this patient population. Our goal is to move beyond the 4-week limit of the current formulation while substantially improving the safety profile of the product
SAN FRANCISCO, CA (PRWEB)
February 24, 2017
Delpor, Inc. (Delpor), a biotechnology company focused on drug delivery, today announced the awarding of a $224K grant from the National Institute of Mental Health (NIMH) for the further advancement of the company’s 3-month olanzapine product (DLP-119). The product is based on Delpor’s PROZOR technology and is expected to deliver therapeutic levels of olanzapine for a period of 3 months.
“We are honored and thankful to receive this award which will provide valuable resources to further advance our olanzapine implant program.” said Tassos Nicolaou, President and CEO of Delpor.
Olanzapine is one of the most widely prescribed antipsychotic drugs with sales over $4 billion before its patent expired in 2011. Long-acting antipsychotics provide substantial benefits to patients and caregivers by improving medication adherence. Currently, the only available long acting formulation of olanzapine is Zyprexa® Relprevv™, a 2-4 week…