ViaDerma Announces Significant 2024 Achievements and International Expansion
Rhea-AI Summary
ViaDerma (OTC Pink: VDRM), a transdermal drug delivery and topical antibiotic products company, reports significant achievements in 2024. The company has expanded its workforce to 13 professionals, with 6 employees in the United States and 7 abroad, operating across seven countries. A major milestone includes the successful completion of a one-million-unit order to Nigeria, delivered in two shipments of 500,000 units each in August and October 2024. The company positions these achievements as groundwork for further expansion in 2025.
Positive
- Successfully delivered 1 million units to Nigeria in two shipments
- Expanded workforce to 13 employees across seven countries
- Established international presence and distribution capabilities
Negative
- None.
News Market Reaction
On the day this news was published, VDRM gained 1.08%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LOS ANGELES, Dec. 10, 2024 (GLOBE NEWSWIRE) -- ViaDerma, Inc. (OTC Pink: VDRM), an innovator in transdermal drug delivery and topical antibiotic products, proudly announces the completion of a landmark year marked by significant global expansion and operational milestones. As the company continues its mission to deliver cutting-edge pharmaceutical products to underserved markets, 2024 has proven to be a transformative year.
ViaDerma’s expansion efforts in 2024 have led to a remarkable increase in personnel, with the team now totaling 13 dedicated professionals. This includes 6 employees based in the United States and 7 located abroad, spanning a total of seven countries, including the U.S., reflecting the company’s commitment to addressing healthcare needs on a global scale.
Furthermore, following the successful completion of the first shipment of 500,000 units to Nigeria in August—part of a one-million-unit order—ViaDerma fulfilled its promise by delivering a second shipment of 500,000 units in October. These achievements highlight the company’s ability to meet the growing demand for its innovative products and its dedication to fulfilling international commitments.
Dr. Christopher Otiko, CEO of ViaDerma, reflected on the year’s achievements and shared his vision for the future:
"2024 has been a truly transformative year in which ViaDerma laid substantial groundwork for a highly successful 2025. From humble beginnings as a small operation, we have grown into a company positioned to make a significant global impact. Our expansion into new markets and the successful delivery of product shipments are testaments to our unwavering commitment to innovation and accessibility. As we look to 2025, we are inspired by our progress and remain dedicated to building on this momentum, forging new partnerships, and expanding our reach to improve healthcare outcomes worldwide."
About ViaDerma, Inc.
ViaDerma, Inc. (OTC Pink: 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
FAQ
How many units did ViaDerma (VDRM) ship to Nigeria in 2024?
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