Emerging World Pharma Inc. Provides Initial Investment Into Private West African Generic Pharmaceutical Company
09 Marzo 2010 - 11:13AM
Marketwired
Emerging World Pharma Inc. (PINKSHEETS: EWPI), an investor in
generic based pharmaceutical companies manufacturing within
developing nations, has provided an initial investment into a
private generic pharmaceutical company located in West Africa. The
investment would entitle Emerging World Pharma a percentage of
profits obtained from an exclusive marketing and distribution
agreement of generic pharmaceuticals. In addition the company has
negotiated an option that would considerably increase the
percentage of returns on profit with ongoing investments.
The drugs manufactured will be marketed and sold for private and
public sale and use throughout West Africa.
Comprising almost a third of the whole continent, West Africa is
a region with a population of approximately 250 million. Imports of
finished products account for over 60% of the African
pharmaceutical industry. According to IMS forecast, Nigeria's
Pharma business is worth $2.5 billion serving 150 million
Nigerians. The pharmaceutical market in West Africa has been
growing 5% - 7% annually with over 200 active manufacturers of
pharmaceuticals in West Africa, there are great opportunities for
investment and development.
"This preliminary agreement sets the ground work for what we
expect to be a long term business relationship in this generic
pharmaceutical sector. The potential for continued growth in this
market of West Africa is staggering," stated Emerging World Pharma
president, Brandon Keks.
The company will provide additional details of the agreement in
subsequent press releases and on the company's website.
www.emergingpharma.com
About Emerging World Pharma Inc.
Emerging World Pharma Inc. is an investor in generic based
pharmaceutical companies manufacturing within developing
nations.
The company focuses its investments on generic pharmaceutical
companies that have contracts with three major buyer groups:
church, government and wholesalers. Market research shows that
these branches are the most secure, protected and reputable for the
distribution of medicines.
Forward Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Statements in this release that are forward-looking
statements are based on current expectations and assumptions that
are subject to known and unknown risks, uncertainties, or other
factors which may cause actual results, performance, or
achievements of the company to be materially different from any
future results, performance, or achievements expressed or implied
by such forward-looking statements. Actual results could differ
materially because of factors such as the effect of general
economic and market conditions, entry into markets with vigorous
competition, market acceptance of new products and services,
continued acceptance of existing products and services,
technological shifts, and delays in product development and related
product release schedules, any of which may cause revenues and
income to fall short of anticipated levels. All information in this
release is as of the date of this release. The company undertakes
no duty to update any forward-looking statement to conform the
statement to actual results or changes in the company's
expectations.
Contact: Joel Everret Emerging World Pharma Inc. Investor
Relations Division 703-646-2633 Email: info@emergingpharma.com
Emerging World Pharma (CE) (USOTC:EWPI)
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