Rafarma (RAFA) Enters $50,000,000 Ceftriaxone Market and Signs Long-Term National and Regional Distribution Contracts
06 June 2013 - 11:18PM
Rafarma Pharmaceuticals, Inc. (the "Company")
(Pink Sheets:RAFA) announces commencement of production of the
antibiotic Ceftriaxone.
Ceftriaxone treats inflammatory infections of the organs of the
abdominal cavity, including peritonitis, as well as, inflammatory
diseases of the gastrointestinal and bile-excreting tracts.
According to 2011 official statistics, the market for Ceftriaxone
in Russia is estimated at more than $51 million (USD) annually. As
a participant in the Russian Federal Program for "Domestic-Produced
Vital Drugs," Rafarma intends to take as much as 50% of the Russian
market for Ceftriaxone.
New National and Regional Distribution Contracts
ZAO "SIA International" and the Russian national retail chain
OAO "A5 Pharmacy Ltd." have entered into long-term distribution
contracts giving Rafarma an overnight national presence in the
Russian Federation retail pharmaceutical market.
CEO David Anderson stated, "Rafarma's increase in production and
penetration of market share becomes even more assured with the 17
national distributors we have signed to long-term
agreements. These contracts were an integral part of Rafarma's
expansion plan and will play a vital role in the expansion of
operations. Rafarma has positioned itself to become one of the
five leading pharmaceutical companies in the Russian
Federation."
Mr. Anderson went on to say, "The agreements with these
drug store chains and pharmaceutical supply companies moves
Rafarma in a very positive direction and also shows the
respect these companies have for Rafarma. I am extremely
pleased that we get to work with such qualified partners that have
the confidence in Rafarma to lock in long-term contracts."
ABOUT Ceftriaxone: Ceftriaxone is
produced for injections and will be packaged in 10 ml. bottles with
single gram dosages. Ceftriaxone shall be produced in Unit 2
of Rafarma's Terbuni plant. Unit 2 specializes in the production of
cephalosporin-based products and bottle-packaged injection
products.
ABOUT ZAO "SIA International" ZAO SIA
International, is currently ranked as the No. 1 pharmaceutical
wholesaler and marketer in the Russian pharmaceutical marketplace,
with a market share exceeding 20%.
ABOUT OAO "A5 Pharmacy Ltd." A5 Pharmacy Chain
has established itself as a leading brand in the Russian pharmacy
sector with a strong track record of organic growth. The chain
comprises different formats of pharmacies, from pharmacy kiosks to
premium stores in the center of Moscow. A5's well-thought out
strategy and strong execution of its customer value proposition
have established the chain's leadership and won awards and
recognition in independent industry rankings.
Safe Harbor: Statements contained in this
release which are not historical facts may be forward-looking
statements as defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements can be identified by the
fact that they do not relate strictly to historical or current
facts. They often include words like "believe," "expect,"
"anticipate," "estimate" and "intend" or future or conditional
verbs such as "will," "would," "should," "could" or "may." We
undertake no obligation to update any forward-looking
statements.
CONTACT: Mr. William Nalley
Orsay Groupe
info@orsaygroupe.com
phone 305-515-8077
http://www.rafarma.us/
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