27/04/2010
ReGen Signs Agreement for the Distribution of its Nutraceutical ColostrininTM in India.
ReGen Therapeutics Plc (‘ReGen’ or the ‘Company’) announces that it has today appointed a leading Indian pharmaceutical company as the exclusive distributor of ReGen’s nutritional supplement Colostrinin(TM) in India. For commercial reasons the company has requested that it remain anonymous at this time.
This is the first consumer launch in a major market. India is particularly important because it is one of the major growth drivers of the world economy and its large population is accustomed to self-medication. Thus, a consumer launch in this market has significant potential for ReGen’s long term profitability.
The Indian company is planning to launch the product in the current quarter. It’s commitment to Colostrinin(TM) is shown by the fact that it has developed and will manufacture its own formulation of Colostrinin(TM) specifically tailored to the market in India and sold under the brand name Cognate(TM). No further details of the agreement will be disclosed.
Colostrinin(TM) is a nutritional supplement to ‘support healthy brain ageing and cognition in humans’. It is marketed as a nutritional supplement in the US, Canada, Australia and Poland under the brand name CogniSure(TM) *, in Cyprus under the brand name Cognase(TM) ** and in the UK under the brand name MemoryAid***. Plans are also well advanced for the introduction of the product in Turkey.
*CogniSure(TM) for use as a human nutraceutical is licensed in North America and Australasia to Metagenics Inc. of San Clemente, California (http://www.metagenics.com/).
CogniSure(TM) is distributed in Poland by Tagerr Polska, an affiliate of Tagerr a professional services and trading company established in Köln, Germany. (http://www.cognisure.eu/)
** Cognase(TM) is distributed in the Republic of Cyprus by Golgi Pharmaceuticals Ltd (http://www.healthybrainaging.com/).
*** MemoryAid is distributed in the UK by PRG Nutraceuticals Ltd (http://www.memoryaid.com/)
For further information:
Percy Lomax
ReGen Therapeutics Plc
Tel No 020 7153 4920
Roland Cornish/Felicity Geidt
Beaumont Cornish Limited
Tel No 020 7628 3396
Nick Bealer/David Scott
Alexander David
Tel No 020 7448 9820