July 12, 2017 / 12:41 PM / a year ago

BUZZ-BioDelivery Sciences International Inc: Signs distribution deal

** Opioid painkiller maker’s shares up 7.5 pct at $2.85 premarket

** BioDelivery on Wednesday said it entered into an agreement with privately-held Purdue Pharma to distribute its long-acting opioid painkiller Belbuca in Canada

** Last week, Endo International Plc withdrew its long-acting opioid painkiller Opana ER from the market after the U.S. FDA declared its benefit did not outweigh public health risks associated with opioid abuse

** ** BDSI reaquired the rights to Belbuca, which is manufactured as a film, from Endo in late 2016

** A growing body of litigation is piling up against makers of opioid painkillers in the United States over claims the drugmakers, including Purdue and Endo, misrepresented the risks of addiction, overdose and abuse associated with these medicines

** Up to Tuesday’s close, stock had risen 51.4 pct this year

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