According to the National Institute of Health, pain impacts more people in the United States than cancer, heart disease and diabetes. Research shows that chronic pain is the leading cause of long-term disability, and it is also the most common reason for entering the health care system. Despite the great financial and personal costs associated with pain, this is a significantly underserved market in the United States and around the world. While there are many prescription drugs available on the market for the treatment of pain, many are either ineffective at managing acute or chronic pain or come with debilitating side effects.
Pain and the Opioid Epidemic
Opioid addiction affects between 26.4 and 36 million people around the world each year. The opioid epidemic has reached global crisis levels, and world leaders have launched various initiatives to help reduce reliance on these highly addictive drugs. While opioids are often effective …