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Nutra Pharma to launch new pain drug

Thu. October 08, 2009; Posted: 01:15 PM
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Oct 08, 2009 (Datamonitor via COMTEX) -- NPHC | Quote | Chart | News | PowerRating -- Nutra Pharma, a biotechnology company, has announced its intent to launch a prescription analgesic, Nyloxin Rx, for the treatment of severe chronic pain.

Nyloxin Rx is a prescription pain reliever produced by Nutra Pharma's wholly-owned drug discovery subsidiary, ReceptoPharm.

Unlike stage 2 pain, which interferes with both work and sleep, Nyloxin Rx is aimed at treating stage 3 pain, which is the most severe pain that inhibits one's ability to fully function. Additionally, Nyloxin Rx does not rely on the use of opioids for its pain relieving action, but, instead, uses a novel mechanism from cobra venom peptides for treating pain, the company said.

Rik Deitsch, chairman and CEO of Nutra Pharma, said: "We are excited to be launching Nyloxin Rx as a prescription pain reliever at a time when both physicians and patients are actively looking for alternatives to opioid-based pain therapies. We are confident that Nyloxin Rx will compete successfully with other prescription pain medicines and become the preferred treatment for severe chronic pain.

"While we continue to focus on bringing Nyloxin Rx to market, we are also planning to use our financial and strategic resources to begin additional human clinical trials in the near-term for our other drug indications outside of pain."

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