Significant Progress in Non-opioid Therapy Picks up Steam as Market Projected to Reach $22 Billion by 2022

PALM BEACH, Florida, March 16, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

According to BCC Research Report, the global market for non-opioid pain treatment totaled $9.9 billion in 2017 and is estimated to reach $22.6 billion by 2022, growing at a compound annual growth rate (CAGR) of 18.0% for the period of 2017-2022. As the opioid epidemic in the United States continues unabated, doctors in many specialties are trying new ways to treat acute and chronic pain. More and more primary care doctors are begging to utilize non-opioid treatment and therapies more often by first considering non-opioid medications. Non-opioid medications are proving to be effective as a first-line treatment, including acetaminophen, NSAIDs, and drugs tailored for neuropathic, or nerve-related, pain. BCC Research analyst and report author Melissa Elder said, "A concentrated effort is needed to educate providers and payers about the value and potential cost savings of effective pain management. As the industry continues to focus on cost-effective pain management, finding treatments that have minimal side effects and control pain effectively will be the most valuable to providers and patients. Many studies have shown good pain management reduces complications and hospital lengths of stay, with significant savings that far exceed the cost of the technology or drugs used." Active in the market today include: Q BioMed Inc. (OTC: QBIO), Sorrento Therapeutics, Inc. (NASDAQ: SRNE), Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX), DURECT Corporation (NASDAQ: DRRX), Proteostasis Therapeutics, Inc. (NASDAQ: PTI).

Q BioMed Inc. (OTCQB: QBIO) BREAKING NEWS: Q BioMed Inc., a commercial stage biotechnology acceleration development company, and Bio-Nucleonics, licensor of Strontium 89 Chloride, announce submission of a regulatory filing to the FDA for the approval of a new manufacturing facility. Upon approval by the FDA, the facility will be permitted to manufacture Strontium Chloride Sr89 Injection USP (Strontium-89) in accordance with cGMP.  

Strontium-89 is a non-opioid injectable radiopharmaceutical to relieve cancer bone pain in patients with painful skeletal metastases. In the body, strontium acts similar to calcium, selectively localizing in bone and is preferentially taken up in osteoblastic lesions. The unabsorbed isotope clears rapidly from the blood and is excreted in the urine the first 2 to 3 days following injection. Uptake of Strontium-89 occurs preferentially in sites of active osteogenesis; thus bone tumors and areas of metastatic involvement (blastic lesions) can accumulate significantly greater concentrations of Strontium-89 than surrounding normal bone.