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Thursday, May 27, 2021 12:04:17 AM
https://www.globenewswire.com/news-release/2021/01/13/2157661/0/en/ViaDerma-Inc-Provides-Review-of-2020-and-Looks-Forward-to-2021.html
* The FDA approved the registration of a new 55 ml Vitastem spray bottle. This came at the request of hospitals that have tested the product. A larger spray version will be easier to apply the medication to large wounds.
* Liberdol, a new relief pain product was officially launched in 2020. The analgesics market in the U.S. is estimated to be more than $12 billion dollars.
* An extended line of credit was secured for financing future manufacturing. We anticipate sales to top 500,000 units in 2021.
* A large national hospital chain and a major health insurance company have completed successful testing of the Vitastem product. We are now in the final stages of discussions to determine the size of the initial purchase.
* Successful product testing was completed by a major midwestern university with whom we are also in discussions regarding their initial product purchase.
* We have initiated discussions with a major global medical nonprofit that has expressed interest in purchasing Vitastem for use by their doctors and medical staff in treating patients.
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