BioStem Technologies, Inc. (OTC Pink: BSEM) Opens New Sudsidiary Qualified Pharma Ingredients, Inc.
November 18 2016 - 2:37PM
ADVFN NewsWire
BioStem Technologies, Inc. (OTC Pink: BSEM) Opens New Sudsidiary
Qualified Pharma Ingredients, Inc.
OAKLAND PARK, FL-(Marketwired - Nov 18, 2016) - BioStem
Technologies, Inc. (OTC PINK: BSEM) today announced the formation of
Qualified Pharma Ingredients, Inc. (QPI), a subsidiary that will
focus on supplying the highest quality Active Pharmaceutical
Ingredients available. Qualified Pharma Ingredients has partnered
with pharmaceutical sales and marketing experts for the development
of this business unit. QPI has already received its FDA
Establishment Registration and is now awaiting their State of
Florida Department of Business and Professional Regulation (DBPR)
inspection for Prescription Drug Repackager.
For over 2 years, BioStem Technologies (BSEM) has acquired
numerous business units and formed five subsidiaries in the Health
and Wellness sectors. QPI is BSEM's most recent venture, supplying
Active Pharmaceutical Ingredients to the Pharmaceutical and
Compounding industry with emphasis on superior quality and
procurement systems. This is achieved through the acquisition of
key team members from the pharmaceutical industry having over 40
years of combined manufacturing and quality control knowledge.
The recent issuance of updated federal guidance has suggested
serious concerns about the state of the industry's compliance
regarding manufacturing and quality systems for the API suppliers.
Regulatory agencies will be paying close attention to the
qualifications of API manufacturers, along with product tracking
and tracibility from procurement to distribution, with
serialization required in the Repackaging industry by 2018. Andrew
VanVurst, BioStem Technologies COO stated, "Entering into the
pharmaceutical market can be a tedious process, and with the new
regulations coming into effect on quality, product traceablity, and
control we have developed robust systems to meet and exceed future
guidance standards. While other companies scramble to meet the
rapidly changing industry, QPI has an advantage by exceeding any
current FDA guidance or regulation from inception."
About BioStem Technologies, Inc. (OTC PINK: BSEM): BioStem Technologies, Inc. (OTC PINK:
BSEM) is in the business of
regenerative medicine and antiaging strategies throughout the
United States, Europe, and Mexico. The Company's mission is to
conquer the effects of biological aging (and related acute
disease), and its strategy is to discover, develop, produce, and
deliver the most effective stem cell and wellness products in the
world. The Company is comprised of a diverse group of scientists,
physicians, and industry visionaries who are creating innovative
products for helping customers live their best, feel their best,
and be their best. The company operates five strategic business
units - BioStem Cell Therapy, BioStem Wellness, BioStem
Pharmaceuticals, Qualified Pharma Ingredients and BioStem
International - providing a diversified line of products and
services that include: clinical stem cell therapy, stem cell
R&D, state-of-the-art laboratory services, pharmaceuticals,
nutraceuticals, cosmeceuticals, API Repackaging, and medical
tourism.
Forward-Looking Statements: Except for statements of historical
fact, the matters discussed in this press release are forward
looking and made pursuant to the Safe Harbor provisions of the
Private Securities Litigation Reform Act of 1995. "Forward-looking
statements" describe future expectations, plans, results, or
strategies and are generally preceded by words such as "future,"
"plan" or "planned," "expects," believe" or "projected." These
forward-looking statements reflect numerous assumptions and involve
a variety of risks and uncertainties, many of which are beyond the
company's control that may cause actual results to differ
materially from stated expectations. These risk factors include,
among others, limited operating history, difficulty in developing,
exploiting and protecting proprietary technologies, intense
competition and additional risks factors as discussed in reports
filed by the company with OTC Markets.
BioStem Technologies, Inc.:
Phone: 954-380-8342
Website: http://www.biostemtech.com
Email: info@biostemtech.com
Twitter: @Biostemtech
Facebook: BioStem Technologies
Investor Relations:
Howard Gostfrand
info@amcapventures.com
305.918.7000
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