BioCorRx Inc. announced that it has received a revised notice of award (NoA) to extend the current UG3 phase of the grant awarded by the National Institute on Drug Abuse (NIDA), part of the National Institutes of Health (NIH), under award number UG3DA047925. The grant was awarded to support the advancement of a sustained release naltrexone implant for the treatment of opioid and alcohol use disorders being developed by BioCorRx’s subsidiary, BioCorRx Pharmaceuticals Inc. The grant that was awarded in January 2019, is the result of the Company’s application under RFA DA-19-002, “Development of Medications to Prevent and Treat Opioid Use Disorders and Overdose (UG3/UH3) (Clinical Trial Optional).” The UG3 phase covers non-clinical development and studies. The UH3 phase (clinical trials) is anticipated this year upon completion of milestones stated in the application, which would enable transition from the UG3 to UH3 phase and based on availability of funds.