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Orion joins hands with Jemincare to formulate non-opioid drug for chronic pain

Jemincare, with the help of Orion, will be furthering the development of their non-opioid drug JMKX000623, an inhibitor of a main sodium channel subtype that balances out pain fibres’ stimulation. Orion corporation has partnered up with Jemincare where the former will be responsible for the international development and marketing rights of the non-opioid drug. This drug will treat acute as well as chronic pain. In addition to royalty payments, Orion will also make an upfront payment of $15 million to Jemincare.

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According to Business Wire, global Healthcare Industry will be worth $12T by 2022. Healthcare is vast and highly fragmented with a mix of public and private players. It comprises patients and healthcare providers such as hospitals, pharmaceuticals, and related life sciences.

Digitisation and Post-Covid world are set to transform the healthcare industry in the coming decade. Our weekly business newsletter covers innovations and disruptions in the Healthcare industry with global coverage.

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