RAFARMA ENTER $50,000,000 CEFTRIAXONE MARKET AND SIGNS LONG TERM NATIONAL AND REGIONAL DISTRIBUTION CONTRACTS
09 June 2013 - 12:08AM
OTC Markets
Ceftriaxone
Production
Rafarma is pleased to announce
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 Rafarma
Pharmaceuticals:
Rafarma Pharmaceuticals is a Russia-based multi-product
pharmaceutical company
producing generic antibiotics and specialty pharmaceuticals, in
addition to its
own line of proprietary products that are approved by the Ministry
of Health of
the Russian Federation.
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.
For
Investor Relations, contact Mr. William Nalley, Orsay
Groupe, info@orsaygroupe.com,
phone 305-515-8077.
Safe
Harbor: Statements
contained in this news release which are not
historical facts may be forward-looking statements as that term is
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.
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