AVD Avid Holdings

    Avid Holdings Plc                               

                    New Products Launched Ahead of Schedule                    

 

Avid Holdings plc (the "Company"), suppliers of specialist child resistant
packaging solutions for blister pack drugs, is pleased to announce that a new
range of heat-sealed products are to be launched 4 months ahead of schedule.
The products (developed by its subsidiary Pill Protect Limited) successfully
achieved EN14375 accreditation for being child resistant, yet senior friendly,
to a rating of F=4. This is a higher degree of protection than some of the
Company's main products that have been in the marketplace for the past 18
months and are already being used by clients such as Lemsip.

The new products are being evaluated by two major global pharmaceutical
companies for possible distribution throughout Europe and parts of the USA.

As with all Pill Protect solutions the main benefits are that clear and precise
dose instructions and branding can be printed onto the blister packs, with the
addition of effective anti- counterfeit measures. The products do not damage
the medicament when removed from the packaging, which has been a major cause
for concern for the consumer.

The new range of products are much easier to install than the existing products
as they simply replace the foil layer of the pack and are heat-sealed at
standard machine settings.

Jonathan Bobbett, CEO of Avid Holdings Plc commented:

"This is a major turning point allowing us to commercially exploit the new
products well ahead of schedule. Initial interest is strong and I am confident
that we will be able to reach new markets more rapidly. We aim to appoint
distributors throughout Europe over the coming weeks."

 

Contact Details:

Jonathan Bobbett: Tel: 01622 872022

Avid Holdings Plc

Ross Andrews: Tel: 020 70907800

City Financial Associates Limited



END

Avid (LSE:AVD)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Avid (LSE:AVD)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024