Register Now
Why register?
Login
 The leading web portal for pharmacy resources, news, education and careers September 24, 2017
Pharmacy Choice - Pharmaceutical News - VANC Pharmaceuticals Receives Health Canada Class-III Approval for Ferrous Fumarate Products - September 24, 2017

Pharmacy News Article

 9/8/17 - VANC Pharmaceuticals Receives Health Canada Class-III Approval for Ferrous Fumarate Products

VANCOUVER, British Columbia, Sept. 08, 2017 (GLOBE NEWSWIRE) VANC Pharmaceuticals Inc. (VANC or the Company) (TSX-V:VANC) (OTCQB:NUVPF), a pharmaceutical company focused on the Canadian generic drug and over-the-counter (the OTC) markets, announces that it has received Health Canada Class-III approval of ferrous fumarate tablets and capsules for use in iron deficiency anemia.

VANC would like to announce that in addition to the recent Class-III approval for its flagship heme iron product Hema-Fer, it has now received updated Class-III approval for both ferrous fumarate tablets (NPN 80079607) and capsules (NPN 80079773). With this approval, VANC will now be introducing these products into both prescription and OTC markets.

Ferrous fumarate is widely used as both a prescription and over-the-counter product and comprises over 23% of the growing iron supplement market in Canada, says Mr. Bob Rai, CEO. This product is a valuable addition to our portfolio, and will generate revenue through both our generic and premium OTC verticals.

The Canadian iron supplement market was valued at $46 million dollars in 2016 alone, of which ferrous fumarate comprised $10.7 million in various dosage forms (IMS-Health 2016). This product was previously branded as Hb-Plus, and will be undergoing a name change prior to anticipated launch in the first half of 2018. Ferrous fumarate products are covered benefits in provincial, federal, and private insurance plans and VANC has begun the necessary processes to list these products.

VANC also announces that it will not be proceeding with the 2nd tranche closing of the non-brokered private placement announced July 20, 2017. The Company plans to secure additional financing in due course.

Cautionary Note Regarding Forward-looking Statements: Information in this press release that involves VANC's expectations, plans, intentions or strategies regarding the future are forward-looking statements that are not facts and involve a number of risks and uncertainties. VANC generally uses words such as outlook, will, could, would, might, remains, to be, plans, believes, may, expects, intends, anticipates, estimate, future, plan, positioned, potential, project, remain, 'scheduled, 'set to, 'subject to, upcoming, and similar expressions to help identify forward-looking statements. The forward-looking statements in this release are based upon information available to VANC as of the date of this release, and VANC assumes no obligation to update any such forward-looking statements. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of VANC and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations.

On behalf of:
VANC Pharmaceuticals Inc.
Bob Rai
Director and CEO
Phone: 604-687-2038
Fax: 604-687-3141
Email: info@vancpharm.com

Primary Logo

Source: VANC Pharmaceuticals


2017 GlobeNewswire, Inc.

Pharmacy News Index
  Drug Delivery Systems
  Drugstores
  FDA Final Approvals
  Front Page Healthcare News
  Generic Drugs
  Hospital Industry
  Internet Pharmacy
  IT in Healthcare
  Medicare & Medicaid
  Over-the-Counter Drugs
  Pharm Industry Trends and Policy
  Pharmaceutical Development
  Pharmaceutical Industry

LIVE ONLINE CE

Last Chance
Sep 25: Management of Major Depressive Disorders
Sep 26: Vitamins, Minerals, and Electrolytes in Older Adults
Sep 27: Medication Use During Pregnancy & Lactation
Sep 28: An Integrative Approach to Managing Arthritis
Sep 29: Legal & Practical Issues in Compounding Pharmacy
Click for entire Webinar Calendar

Special Announcement

Free Membership
Enjoy Drug Search, industry newsletters and more...

Nursing Jobs
Are you a nurse looking for a job?

Check out the Nursing Job Source.

Your number one choice for nursing jobs.



Websites » RxCareerCenter.comRxSchool.comClubStaffing.comNursingJobSource.comRN.com
Copyright © 2017 Pharmacy Choice - All rights reserved.
Terms and Conditions | Privacy Statement
888-682-4415