Opioid Withdrawal Device Advances in Ohio Competition

Posted: Updated:
The company's NSS-2 BRIDGE device helps to treat opioid withdrawal symptoms. (photo courtesy Innovative Health Solutions) The company's NSS-2 BRIDGE device helps to treat opioid withdrawal symptoms. (photo courtesy Innovative Health Solutions)
VERSAILLES -

A Ripley County-based medical device company is among 12 to advance in a competition aimed at finding new solutions to combat the opioid addiction crisis. Innovative Health Solutions in Versailles has received $200,000 in funding for advancing to the second phase of the Ohio Opioid Technology Challenge.

IHS has developed a device called the NSS-2 BRIDGE, which is placed behind the ear and helps treat the symptoms of opioid withdrawal. The device received clearance from the U.S. Food and Drug Administration last November.

The Ohio Opioid Technology Challenge is a three-phase competition designed to advance new ideas in the fight against drug abuse and addiction. The third and final phase, which began this month and will run through July 2019, seeks to enable winners from the second phase to develop and refine their solutions.

Organizers say the most promising solutions will receive prizes of $1 million or more. Those winners will be announced in August 2019. You can learn more about the challenge by clicking here.

IHS Chief Executive Officer Brian Carrico appeared on Inside INdiana Business with Gerry Dick in January and said the NSS-2 BRIDGE device provides an 85 percent reduction in withdrawal symptoms within one hour. You can view the full interview by clicking the link below.

  • Perspectives

    • 3 Tips to Attract and Retain Employees in the Gig Economy

      The gig economy has been around ever since workers began looking for supplemental income, but, it has recently evolved with the introduction of technology. Companies emerging like Uber, Lyft and GrubHub, are changing the gig economy landscape of the workforce. The gig economy has attracted millennials and Gen Zers because of the flexibility and autonomy to work from anywhere, at any time.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (Industrial hemp photo courtesy of Purdue University)

      Hemp Processor Announces Expansion

      Indianapolis-based BDX Indiana has announced plans to bring more than 100 new jobs to central Indiana, with about a third of those going to a planned hemp extraction facility in Westfield. BDX extracts CBD oil from Indiana-grown hemp and is a sister company of Biodynamic Ventures, the largest hemp grower in Indiana. The city says the phase one build-out of the overall $50 million project is expected to begin this month with production to start in December. 

    • (photo courtesy of Indianapolis International Airport)

      Indy Airport Showcases New Retail Offerings

      Indianapolis International Airport is celebrating the opening of the first wave of new retail offerings. The new stores are part of the airport's multi-year Concessions Refresh initiative, which aims to bring a greater mix of nationally-known brands, such as FAO Schwarz and Vineyard Vines, with more local offerings, including Natalie's Candy Jar and Fountain Square Market. In all, nine new retail stores opened Tuesday morning. In an interview with Inside INdiana Business...

    • Butler Blue III is retiring next spring as the school's mascot. (photo courtesy Butler University)

      Butler Mascot Set to Retire

      One of the best-known ambassadors for Butler University is stepping down, all four legs of him, at the end of the current academic year. The university says their furry mascot, Butler Blue III, is ready to retire after nearly eight years of greeting visitors, students and staff. 

    • (WISH-TV Photo)

      Waterside Fight Continues Between Ambrose, City

      Ambrose Property Group has taken another step in its fight with the city of Indianapolis over the former GM Stamping Plant site in the city's downtown. The developer has given a notice of the legal action it intends to pursue against the city for what it calls "the city's baseless eminent domain threat and defamation." The back-and-forth between the two parties stems from Ambrose's announcement in late September that it planned to sell the property, which was being...

    • DePauw University ranked No. 20 on list of Best "Colleges"

      Small Indiana Colleges Rank High Nationally

      Indiana has two institutions of higher learning, with intentionally small enrollments, that rank in the top 30 in the nation for an overall experience.  The personal finance website, WalletHub, conducted a survey of what it calls the 2020 Best College Ranking.