Biomednewsbreaks Nutriband Inc. (NASDAQ: NTRB) Secures $5.3 Million From Warrant Exercises To Advance AVERSA Fentanyl NDA

(MENAFN- Investor Brand Network) Nutriband (NASDAQ: NTRB) , a company developing abuse deterrent pharmaceutical products, announced the exercise of warrants at a strike price of $6.43, generating $5,306,000 in proceeds. The funds will support the remaining clinical development of AVERSA Fentanyl and submission of its New Drug Application (NDA) with the U.S. Food and Drug Administration. AVERSA Fentanyl, which could become the world's first opioid patch with abuse deterrent properties, is estimated to reach peak annual U.S. sales of $80 million to $200 million, according to a 2022 Health Advances market analysis report.

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About Nutriband Inc.

We are primarily engaged in the development of a portfolio of transdermal pharmaceutical products. Our lead product under development is an abuse-deterrent fentanyl patch incorporating our AVERSA(TM) abuse-deterrent technology. AVERSA(TM) technology can be incorporated into any transdermal patch to prevent the abuse, misuse, diversion, and accidental exposure of drugs with abuse potential.

NOTE TO INVESTORS: The latest news and updates relating to NTRB are available in the company's newsroom at

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