BioSyent Pharma Signs License and Distribution Agreement
January 22 2010 - 9:21AM
Marketwired
BioSyent Inc. ("BioSyent") (TSX VENTURE: RX) announces that its
subsidiary BioSyent Pharma Inc. has signed a license and
distribution agreement with Notlers for Virsani™ personal
sanitizer. The agreement grants BioSyent Pharma the exclusive
rights to manufacture, market, and distribute Virsani™ in Canada
and the United States. Virsani™ kills viruses, bacteria, and other
pathogens on hands and surfaces and is available in a convenient
aerosol can that is small enough to fit in a small purse, pocket or
desk drawer making it ideal for mobile personal hygiene. Virsani™
can disinfect both hands and personal spaces like computer
keyboards, telephones, common work areas, and surfaces in fitness
clubs and public washrooms.
Virsani™ has been approved by Health Canada and is currently
available in over 1,200 retail locations including certain Rexall
PharmaPlus, Pharmasave, International News, 7-Eleven, and Mac's
Convenience stores.
"Consumer awareness of the importance of personal hygiene has
been greatly increased over the last several years as a result of
outbreaks such as H1N1 flu virus, Bird Flu, and SARS", said Rene
Goehrum, CEO of BioSyent. "Virsani is a unique, convenient product
that consumers can use at home, the workplace, in public places and
when they are travelling, to provide safe and effective
sanitization when they encounter such viruses and bacteria".
BioSyent's sales and marketing activity on Virsani™ will
commence immediately.
BioSyent Inc. continues to concentrate on its pharmaceutical
strategy to source products that have been successfully developed
and proven to be safe and effective; manage these products through
the regulatory process and product registration (approval); and
once approved, market these products in Canada. These
pharmaceuticals will compete in both the branded and generic market
segments and will not require further product development
investment other than regulatory costs.
BioSyent Inc. is a publicly traded specialty pharmaceutical
company whose wholly owned subsidiary, BioSyent Pharma Inc.,
sources, acquires or in-licences pharmaceutical products and
markets these products in Canada. Wholly owned BioSyent subsidiary
Hedley Technologies Ltd. operates the company's legacy business
marketing bio and health friendly non-chemical insecticides.
BioSyent common shares are listed for trading on the TSX Venture
Exchange (TSXV) under the symbol RX.
This press release may contain information or statements that
are forward-looking. The contents herein represent our judgment, as
at the release date, and are subject to risks and uncertainties
that may cause actual results or outcomes to be materially
different from the forward-looking information or statements.
Potential risks may include, but are not limited to, those
associated with clinical trials, product development, future
revenue, operations, profitability and obtaining regulatory
approvals.
The TSX Venture Exchange assumes no responsibility for the
accuracy of this release and neither approves nor disapproves of
the same.
Contacts: BioSyent Inc. Rene C. Goehrum President and CEO (905)
206-0013 (905) 206-1413 (FAX) www.biosyent.com
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