Spencer Pharmaceutical Licensing Talks Expands to USA, Canada and Is Exploring Various European Opportunities
October 25 2010 - 6:15AM
Marketwired
Spencer Pharmaceutical Inc. (PINKSHEETS: SPPH) announced today that
it has begun licensing talks with several other pharmaceuticals to
manufacture and distribute its Met4 formula in their respective
regions.
According to management, the company has signed confidentiality
agreements with several companies and has begun talks over the
distribution and formulations of its MET4 and Ibuprofen
formulations as well as the co-development of several new
formulations. The company expects to be in a position to sign a
memorandum of understanding and or licensing agreements on or
before February 10, 2011.
"Our formulation is very easy to manufacture compared to
existing formulations, in addition to being better for the patient
therefore making the MET4 ideal for licensing," said Dr. Max
Arella, President of Spencer Pharmaceutical Inc. "The licensing for
our Met4 to these companies could yield substantial financial
results in the very short term for our company and can be the
driving force in making Spencer a world class pharmaceutical,"
further added Dr. Arella.
About Spencer Pharmaceutical Inc.
Spencer Pharmaceutical Inc. is a US-based Pharmaceutical
Research and Development Corporation, which is developing
innovative drug release and absorption systems for the treatment of
metabolic diseases such as diabetes and metabolic syndrome.
Important Information About Forward-Looking Statements in this
press release may be "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "anticipate," "believe," "estimate," "expect,"
"intend" and similar expressions, as they relate to the company or
its management, identify forward-looking statements. These
statements are based on current expectations, estimates and
projections about the company's business based, in part, on
assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially from
what is expressed or forecasted in such forward-looking statements
due to numerous factors, including those described above. In
addition, such statements could be affected by risks and
uncertainties related to the exploration for and development of
mineralized material, product demand, market and customer
acceptance, competition, pricing and development difficulties, as
well as general industry and market conditions and growth rates and
general economic conditions. Any forward-looking statements speak
only as of the date on which they are made, and the company does
not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
release. Information on the Company's website does not constitute a
part of this release.
Contact: Dr. Max Arella President Spencer Pharmaceutical
Inc. Tel. 1+(617) 973-5017
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