Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Nominate a Virginia financial professional
    • Nominate A Woman in Leadership Today
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Nominate a Virginia financial professional
    • Nominate A Woman in Leadership Today
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Regions Central Virginia Kaléo to produce generic version of drug device

Kaléo to produce generic version of drug device

Published January 30, 2019 by Brian J. Couturier

Evzio is used to administer the drug naloxone to treat an opioid overdose. Photo courtesy Kaléo

A Richmond-based private pharmaceutical firm is drastically dropping the price for an auto-injector medication that helps reverse the effects of an opioid overdose.

Evzio, which is approved by the FDA, provides step-by-step guidance to users of the handheld device in administering the drug naloxone.

In mid-2019, Kaléo will offer a generic version of  Evzio for $178 for a two-unit kit. The list price for Evzio is currently $4,100.

A November segment on the CBS news show “60 Minutes” scrutinized the recent jump in Evzio’s list price from about $575.

Omar Khalil, Kaléo’s general manager for addiction and neurology, says the price hike was an effort to increase accessibility to Evzio through insurance companies.

In the year before the price hike, the company distributed only 5,000 units of Evzio, Khalil says. After the price increase, that number increased to 66,000 units. “The move we made to increase the price actually helped access to the medication,” Khalil says.

The generic version of Evzio will be offered through IJ Therapeutics, a Kaléo subsidiary. It will have the same formulation and design as the original product, the company said in a December statement. “We’ve always been committed to affordability,” Khalil says.

The lower list price of the authorized generic product is expected to make it more affordable to Medicare Part D patients.

The goal is to remove barriers from people getting Evzio or its generic counterpart, Khalil says. “How do we get Evzio in the hands of as many people who need it?”

Evzio, launched in 2014, is available for no out-of-pocket cost to eligible patients with commercial insurance coverage, the company says.

Meanwhile, Kaléo began a program in December that provides Evzio to first responders at $178 per unit of two auto-injectors. The program is also available to government agencies, health departments and other qualifying groups when they purchase directly from Kaléo or authorized distributors.

Khalil says that since the launch of the program, the company has provided several thousand Evzio units to first responders and other agencies.

The company also has donated 350,000 auto-injectors across the nation, which has helped save 5,500 lives, Khalil says.

“With approximately 130 people dying daily from opioid overdoses, we recognize that more needs to be done to improve access for patients,” Spencer Williamson, president and CEO of Kaléo, said in a statement.

Related Stories

Virginia Business logo

Landmark Apartment Trust acquires firm’s management operations for $30 million

Virginia Business logo

Hill Phoenix leases 334,950 square feet in Chester

Virginia Business logo

Ownership of IT consulting firm given to two nonprofits

Trending

ESPN: Snyders receive two $6B bids for Commanders

Youngkin announces $8.1M in GO Virginia grants

Capital Square launches subsidiary to oversee multifamily portfolio

Va. hotel revenues in February up 14.9% from 2019

ITA International names new CEO

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

Advertisement

Advertisement

Trending

ESPN: Snyders receive two $6B bids for Commanders

Youngkin announces $8.1M in GO Virginia grants

Capital Square launches subsidiary to oversee multifamily portfolio

Va. hotel revenues in February up 14.9% from 2019

ITA International names new CEO

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk