March 19, 2018 / 7:48 PM / 9 months ago

BUZZ-Opiant Pharma shares soar on Trump opioid speech

** Shares of Opiant Pharmaceuticals jump 21.2 pct to $25.03 in volatile trading on Monday

** Stock rises as high as $32.28 during the session, highest point since Dec 4

** Stock spiked during speech on opioids by President Trump, who says privately-held Adapt Pharma will provide free Narcan, which is used for treating opioid overdoses, to all high schools and colleges in America

** Opiant in 2015 made Narcan nasal spray available in the U.S. and Canada through its commercial partner, Adapt Pharma, according to Opiant’s website

** Trump also said he wants to give first responders access to lifesaving drugs like Narcan to reverse overdoses

** YTD, OPNT stock now up 9.4 pct

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