Nutra Pharma has announced that it has completed the first commercial production run of its pain drug, Cobroxin, and has successfully released it for distribution to XenaCare Holdings. The company expects Cobroxin to be available for sale as early as October 10th.
Nutra Pharma Corp., a biotechnology company that is developing treatments for Adrenomyeloneuropathy (AMN), HIV and Multiple Sclerosis (MS), has announced today that it has completed manufacturing the first commercial batch of Cobroxin and has successfully released it for final distribution.
“We are excited to have successfully completed the first commercial production run of Cobroxin and to have passed all quality control assays,” commented Rik J Deitsch, Chairman and CEO of Nutra Pharma Corporation. “Because this process was completed early and we have already signed off for final distribution to XenaCare Holdings, we anticipate that Cobroxin will be available for sale as early as October 10th,” he added.
Cobroxin is the first OTC pain reliever clinically proven to treat Stage 2 (moderate to severe) chronic pain. The drug, which was developed by Nutra Pharma’s wholly-owned drug discovery subsidiary, ReceptoPharm, will be available as an oral spray for treating lower back pain, migraines, neck aches, shoulder pain, cramps and neuralgia and as a topical gel for treating joint pain and pain associated with repetitive stress and arthritis.
Recently, Nutra Pharma announced a licensing agreement with XenaCare Holdings, which grants XenaCare the exclusive marketing and distribution rights for Cobroxin in the United States. Additionally, the company announced its intentions to begin the registration process in Canada and Europe.
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in Nutra Pharma's ("the Company") business plan. The Company's business is subject to various risks, which are discussed in the Company's filings with the Securities and Exchange Commission ("SEC"). The manufacturing release of Cobroxin for the treatment of chronic pain should not be construed as an indication in any way whatsoever of the value of the Company or its common stock. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.