The company is currently in the final phases of completing our stability testing requirements with our third-party testing facility. Based on the feedback we received from our testing partner last week, the company is on pace to have everything finalized by the end of October. The stability testing requirements are a crucial step in order to greenlight the approvals to distribute our lead product Vitastem Ultra throughout multiple countries in the
ViaDerma’s management team has been working diligently with our new contract manufacturer to ramp up production capabilities in order to accommodate several large volume orders of 250,000 to 300,000 plus units per country this year. ViaDerma’s Founder & CEO, Dr. Christopher Otiko is expected to travel to
Upon the completion of stability testing for Vitastem Ultra, we will be able to begin distributing Vitastem internationally by fulfilling initial purchase orders throughout the
Our new and much larger product manufacturer located in the US is crucial for the company to meet the growing demand for new & innovative topical antibiotics like Vitastem Ultra that are required to combat the ever-growing presence of superbugs like staph & MRSA that arise due to HAIs (healthcare-associated infections) throughout healthcare facilities globally. As these types of infections create numerous additional health risks to patients, hospital staff, and relatives of the patients, Vitastem is a proven solution with this serious matter.
Due to several ongoing updates and FDA drug application requirements for Nupelo’s use of the active ingredient, Minoxidil, our FDA-registration status is currently on hold for the time-being.
According to Dr. Otiko, “Due to the requirements for a new and very lengthy drug application required by the FDA and for sake of bringing Nupelo to market faster, we have been actively looking into incorporating an alternative natural active ingredient that can do the same thing as Minoxidil but will not require such a lengthy process in order to finalize the registration of Nupelo with the FDA.”
The company can either go with a new natural formula or use Minoxidil and sell Nupelo to compound pharmacies. Updates for Nupelo will be forthcoming once a viable solution is met to accelerate distribution and sales nationwide.
Furthermore,
The company is also pleased to announce that we have expanded licensing agreements and are now up & running in 14 states and expect to keep expanding into more states throughout the year.
“2023 is shaping up to be a very pivotal year for
The
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Email: ir@viaderma.com
Phone: 310-734-6111
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