Sunday, April 22, 2018 5:53:42 PM
In October of 2013, we announced that we were in the process of launching the newest addition to our line of homeopathic treatments for chronic pain, Equine Nyloxin® , a topical therapy for horses that is packaged as a two piece kit: Nyloxin® Topical Gel comprises Step 1 and a solution of DMSO (dimethylsulfoxide) comprises Step 2. We have been working with trainers and veterinarians in the equine industry and have already identified distributors for the product. The Equine Nyloxin® represents the Company's first topical solution for the animal market. The product is now undergoing market evaluation and is expected to be commercially available by the end of 2018.
EBA (Equine business association) founder Christina Jones calls it one of the biggest industries that is hidden in plain sight. Most people outside (& many within) have no idea of the global scale & significance of the equine industry. Read on for some stats & facts that highlight the breadth & depth of the business…
According to Alltech’s Steve Elliot, the annual economic impact of the equine industry is significant – involving some $300 billion dollars and 1.6 million full-time jobs.
The Market is spread as follows:
U.S.A : $102 billion2
Europe : $133 billion3
Canada : $16 billion4
Australia : $5 billion5
UK : $6.2billion6
Ireland : $1.3billion7
China : $1.58billion8
Information referenced from:
https://www.equinebusinessassociation.com/equine-industry-statistics/
Imagine entering into a multi billion dollar industry with a revolutionary new pain relief product... the possibilities are HUGE... yet another example of NPHC's impressive IP Portfolio.
NPHC's IP Portfolio just years ago it commanded a market cap of 140 Million. Since then it continues to expand and grow, and is worth as much or more today... NPHC currently sits at 5M Market cap...
NOT FOR MUCH LONGER IMHO!!
Mav
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