Klaria Pharma initiates clinical study with Naloxon Alginate Film

UPPSALA, 20 December, 2021. Klaria Pharma AB (Nasdaq Stockholm: KLAR) announces today that is has started a clinical trial with Naloxone Alginate Film and that the first group of subjects have received their first doses in the trial.  The data from this clinical trial will be used to submit an application for approval with both the EMA in Europe and the FDA in the United States.  With a more patient friendly formulation that is being specifically developed to meet the needs of patients and caregivers today, Naloxone Alginate Film has the potential to be superior to all Naloxone nasal sprays currently in use.

Naloxone Alginate Film is addressing a market with significant unmet medical needs.  This is especially true in the United State where in 2019 there were 168 million prescriptions written for opioids and where more than 50.000 deaths from opioid overdose occurred. Opioid overdose continues to be a significant medical and humanitarian challenge, with a steadily increasing number of deaths every year.  To help address this issue, the Biden Administration has officially recommended an increase in so called co-prescription, whereby a Naloxone product will be prescribed together with an opioid.

“We are conducting this trial with an innovative design which incorporates both an early pilot study and a pivotal study under the same clinical protocol, in order to move as quickly as possible to registration.  The results of this trial will, when completed, support a marketing authorization in both Europe and the United States.  With this clinical trial design we are aiming to bring Naloxone Alginate Film to approval and patients as quickly as possible so that our novel and superior solution for the administration of Naloxone can come to aid all those who are currently suffering through the devastating suffering and death brought by opioid overdose.” said Scott Boyer, CSO, Klaria Pharma.

Klaria Pharma is developing Naloxone Alginate Film specifically for co-prescription with opioids.  This is a very large commercial opportunity due to the large number of opioid prescriptions.  For example, a share of 5% of the addressable market for opioid co-prescription would translate into annual sales for Naloxone Alginate Film in excess of USD 1 billion per year.  Naloxone Alginate Film is protected in the United States by approved patents until 2038, as communicated in a Klaria Pharma press release dated 22 October, 2021.

The design of the ongoing pilot study is to evaluate the pharmacokinetics and the safety profile of Naloxone Alginate Film in approximately 15 subjects. The second part of the study will then include more subjects and will be the cornerstone of the application for market authorization.

About Naloxon Alginate Film (KL-00514)

KL-00514 is an alginate-based oral trans-mucosal film. KL-00514 is the first oral trans-mucosal opiate overdose product and is designed to be a significant improvement to all available acute nasal spray treatments available to patients today, particularly in the co-prescription market. KL-00514 is a unique molecular dispersion of naloxone. The KL-00514 film presents naloxone to the oral mucosal surface in a unique way to allow rapid, consistent absorption superior to that of present nasal spray-based products.  The base film-forming alginate and the naloxone-containing films have been the subject of comprehensive intellectual property protection, thus ensuring prolonged market exclusivity.

For additional information please contact:

Investor Relations, Klaria Pharma AB
Tel: +46 (0)8 446 42 99, e-mail: [email protected]