Global Condom Industry Growing at a Rapid Pace on Rising Awareness Towards Disease Prevention
30 Noviembre 2017 - 9:25AM
InvestorsHub NewsWire
Palm Beach, FL -- November 30, 2017 --
InvestorsHub NewsWire -- Market analysts are forecasting steady
growth for the Global Condom Industry based on such factors as rise
in sexually transmitted diseases, HIV/Aids, incorrect use of
contraceptives, unprotected sexual intercourse, contraceptive
failures, or sexual assaults which can lead to unplanned
pregnancies. According to Global Market Insights, the Global
Contraceptives Market is poised cross USD $35 Billion by
2024 on the heels of rising prevalence of sexually transmitted
diseases, favorable regulatory scenario in developed nations. The
increasing use of contraceptive in under developed countries and
rising awareness towards disease prevention will further boost the
business size. In the news today includes: RESTANCE, Inc. (OTC:
ANCE), Church & Dwight Co., Inc. (NYSE:
CHD), Reckitt Benckiser Group plc (OTC:
RBGLY), Pfizer Inc. (NYSE:
PFE), Pfizer Inc. (NYSE: PFE)
RESTANCE, Inc. (OTC:
ANCE) today announced a contract to manufacture condoms with
the Playboy brand name and bunny head logo for distribution
starting in Kenya. The brand name is being announced today in
support of World AIDS Day, coming on December 1, 2017.
RESTANCE is participating in a campaign to contribute to the United
Nations goal of ending the AIDS Epidemic by making condoms
available everywhere in Africa through the #DoIt4Africa
buy-one-give-one campaign where an anticipated $20
million in condoms will be sold in North American and for
every condom sold, a condom will be manufactured
in Africa and given away in Africa. RESTANCE has
executed an initial $500,000 contract to produce condoms
for the campaign. Look for more details on the #DoIt4Africa
campaign coming soon. Read this and more news
for RESTANCE at: http://www.marketnewsupdates.com/news/ance.html
In addition to opening a condom manufacturing plant, RESTANCE is
pursuing several other business lines in the growing economies
of East Africa. The Company is developing opportunities in the
region including initiatives in technology and systems integration
services, utility support services, affordable housing and health
products manufacturing. RESTANCE recently acquired East African
Development Partners as part of its strategy in East
Africa.
In other industry developments and market performances of note:
Church & Dwight Co., Inc. (NYSE: CHD)
closed up slightly on Monday at $45.10 trading over 1.4
Million shares by the market close. TROJAN condoms, manufactured by
the Church & Dwight, launched a new XOXO upscale condom
targeting both men and women with a soft touch, aloe-lubricated
latex in a unique portable carrying case. This launch has opened up
new opportunities for condom advertising in prime-time television.
Church & Dwight this month reported that its Board of Directors
declared a regular quarterly dividend of nineteen
cents ($0.19) per share. This quarterly dividend will be
payable December 1, 2017 to stockholders of record at the
close of business on November 15, 2017. It is the Company's
467th regular consecutive quarterly dividend.
Reckitt Benckiser Group plc (OTC:
RBGLY) closed down slightly on Monday at $17.17 by
the market close. Reckitt Benckiser's (RB) Durex premire Invisible
Ultra Thin is the thinnest condom designed to maximize sensitivity,
while still providing a high level of security and protection. RB
is a global force in household, health and personal care. Its 19
Powerbrands, in high growth categories, take a disproportionate
share of RB's top end marketing investment. Powerbrands drive over
70% of growth.
In other healthcare news:
Pfizer Inc. (NYSE: PFE)
closed even on the day on Monday at $35.49 trading over
10.2 Million shares by the market close. Pfizer is now selling the
drug directly from the official Viagra website. Men still need a
prescription for the diamond-shaped blue pills. But instead of
going to the pharmacy in person, or taking their chances buying
from an online pharmacy of unknown repute, men will be able to buy
Viagra from the maker of the drug itself and have it shipped to
their homes.
Eli Lilly and Company (NYSE: LLY)
close up slightly on Monday at $84.81 trading over 2.9
Million shares by the market close. Lilly markets tadalafil under
the trade name Cialis as an erectile dysfunction therapy, and in
the summer settled a dispute with generics drugmakers that the
patent on Cialis, which was previously set to expire in April
2020, will now end at the earliest in September next year.
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