ViaDerma Announces Shipment of 500,000 Units of its Flagship Product to Nigeria
ViaDerma, Inc. (OTC: VDRM) has announced a significant milestone in its global expansion efforts.
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Rhea-AI Summary
ViaDerma, Inc. (OTC: VDRM) has announced a significant milestone in its global expansion efforts. The company is preparing to ship 500,000 units of its flagship tetracycline-based topical antibiotic to Nigeria by the end of August 2024, with a follow-up delivery expected in November 2024. This move marks ViaDerma's strategic push into the African market.
Additionally, ViaDerma has begun the registration process in Kenya, Namibia, and Tanzania, signaling its entry into East and Southern Africa. The company is also preparing registration applications for seven other countries across Africa, Europe, and the Middle East. CEO Dr. Christopher Otiko will be traveling to Dubai to finalize key initiatives with regional partners, focusing on strengthening partnerships and expanding distribution throughout the Middle East.
Positive
- Shipping 500,000 units of flagship product to Nigeria
- Follow-up delivery expected in November 2024
- Commenced registration process in Kenya, Namibia, and Tanzania
- Preparing registration applications for seven additional countries
- Expanding distribution throughout the Middle East
Negative
- None.
Details
News Market Reaction – VDRM
The recorded move for VDRM in the trading session of this news was -11.32%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOS ANGELES, Aug. 13, 2024 (GLOBE NEWSWIRE) -- ViaDerma, Inc. (OTC: VDRM), a leader in innovative wound care solutions, is excited to announce that a shipment of 500,000 units of its flagship product, a tetracycline based topical antibiotic, has been in production and is being prepared for delivery to Nigeria before the end of August 2024. This marks a significant milestone in ViaDerma’s ongoing efforts to expand its global footprint and provide effective wound care solutions across Africa.
In addition to this shipment, a follow-up delivery is expected in November 2024, ensuring that ViaDerma will be able to meet the growing demand for its product in Nigeria.
Furthermore, ViaDerma is pleased to announce the commencement of the registration process in Kenya, Namibia, and Tanzania. These steps mark the beginning of ViaDerma’s strategic expansion into East and Southern Africa. The company is also preparing registration applications for seven other countries across Africa, Europe and the Middle East, reflecting its commitment to making its topical antibiotic wound care solutions accessible to a wider global audience.
As part of ViaDerma’s expansion strategy, CEO Dr. Christopher Otiko will be returning to Dubai later this month to finalize key initiatives with the Company’s partners in the region, with a focus on strengthening partnerships and expanding distribution throughout the Middle East.
“We are excited to take these significant steps in expanding our product’s availability across Africa and the Middle East,” said Dr. Otiko. “This achievement is the culmination of years of dedicated effort to broaden our global footprint and reflects our unwavering commitment to increasing global access to our extraordinary product. We are confident that our product will make a meaningful difference in the lives of many, improving wound care outcomes in these vital regions.”
About ViaDerma, Inc.
ViaDerma, Inc. (OTC: VDRM) is a publicly traded specialty pharmaceutical company committed to bringing new products to market and licensing its innovative transdermal drug delivery technology solutions to current leaders in the pharmaceutical industry in a wide variety of therapeutic areas. For more information, please visit: https://viaderma.com
Any forecast of future performance is a "forward looking statement" under securities laws. Such statements are included to allow potential investors the opportunity to understand management’s beliefs and opinions with respect to the future so that they may use such beliefs and opinions as one factor among many in evaluating an investment.
Contact information:
Investor Relations
Email: ir@viaderma.com
Phone: 310-734-6111
Follow ViaDerma on Twitter: https://twitter.com/viaderma
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