Easton Pharmaceuticals Inc (OTCMKTS:EAPH) and its JV associate, BMV Medica SA de CV, reported product delivery and release of its licensed AmnioSense product from its previously reported Gedeon Richter distribution deal for Mexico. Both firms are also expecting delivery of initial Purchase Order with exclusive Distribution Associate, Windsor Pharmaceuticals, with release in initial nations in Central America by February 2018.
The details
Per its previously reported sub-licensing deal finalized with Gedeon Richter, Easton Pharmaceuticals have been updated that post delays on items counting importation permits, product AmnioSense has been supplied in Mexico and has introduced in the Mexico industry.
In addition, after submitting the regulatory documents following the signed sub-licensing deal with Windsor Pharmaceuticals, BMV Medica and Easton previously obtained confirmation that Windsor Pharmaceuticals obtained government regulatory nod to start the selling and marketing of products “AL-Sense” and “VS-Sense” primarily in Guatemala, with the other regions, Honduras, El Salvador, Costa Rica, Panama, the Dominican Republic and Nicaragua to follow shortly subsequently.
Following a three-month period where product preparation, packaging and naming concerns were resolved, item has been sent and is approaching delivery with official release anticipated in February 2018.
The Caribbean region and Central American possesses a total population of more than 50 million where Windsor Pharmaceuticals has estimated sales in surplus of $3 million in the second full year of release for both its approved products “VS-Sense” and “Al-Sense.” Thereafter, market penetration grows and other offerings will be included.
Focus group research with leading gynecologists in the area have indicated a robust demand for both offerings which coincides with increasing international sales of these offerings, supporting the notion in the region that a firm like Windsor Pharmaceuticals with unique specialty products can meet the existing void in product offerings to the Gynecologists and Obstetricians. Sales are projected to begin in Q1 2018 now that the preliminary regulatory nod has been received.
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