The Company expects sales for 2017 to be about 500,000 units and has completed financing to produce the orders. The rollout in California is expected to start with approximately 10,000 units being distributed online through an online network of affiliates. The products are anticipated to sell for approximately $125 per 5ml bottle, with a wholesale price
to be established for the Clinics & Wound Care Centers. "I believe these orders will give us a significant increase in revenues for 2017. ViaDerma has had clinical success in a very short time frame," said CEO Dr. Christopher Otiko. "We are excited to see our research being so well received in so many countries. This opens the door for many new products using FDA approved drugs along with our 'proprietary transdermal delivery system.'" "ViaDerma has also completed an initial clinical study of our proprietary medication for onychomycosis (toenail fungus), and the results were very encouraging with an approximate 80% success rate," said Dr. Otiko. Onychomycosis affects approximately 5% of the worldwide population. One of the more popular medications on the market has a 17% success rate and can cost as much as $500 per 4ml bottle. Americans currently spend about $1.26 billion annually on oral and topical prescriptions for nail fungus, according to IMS Health, a health care information company. Industry analysts and executives estimate that more effective treatments could expand the market to as much as $3 billion annually.
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