Nutra Pharma has selected Grupo Farmacéutico de Tijuana to serve as the exclusive distributor in Mexico for its Nyloxin-branded pain relievers.
Nutra Pharma Corp., a biotechnology company that is developing treatments for Adrenomyeloneuropathy (AMN), HIV and Multiple Sclerosis (MS), has announced today that Grupo Farmacéutico de Tijuana (GFT) has become the exclusive Mexican distributor for the Company’s Nyloxin-branded pain relievers, Nyloxin OTC and Nyloxin Rx.
“We are pleased to announce our partnership with GFT as our exclusive Nyloxin distributor in Mexico and our very first International partner,” explained Rik J Deitsch, Chairman and CEO of Nutra Pharma Corporation. “GFT is a highly regarded healthcare products distributor that can provide the resources and distribution capabilities needed to successfully launch Nyloxin throughout Mexico,” he concluded.
Grupo Farmacéutico de Tijuana (GFT), which was founded in 1955, currently operates two primary distribution facilities; one in Monterrey Nuevo Leon, to service Midwestern and southeastern Mexico and another in the city of Tijuana to service the northwest. In addition to distributing pharmaceutical products to large, national retailers, the Company also distributes to over 3,000 pharmacies throughout Mexico.
“We are excited about our partnership with Nutra Pharma to introduce Nyloxin to Mexico. Combining the product’s effectiveness with our distribution strategies will allow us to create a greater impact as we move forward with our launch,” commented Enrique A. Fajardo, Managing Director of Grupo Farmacéutico de Tijuana. “This alliance will be an opportunity for both of our companies to provide an all-natural pain management solution to the Mexican consumer,” he added.
In addition to partnering with GFT for Nyloxin distribution throughout Mexico, Nutra Pharma recently announced its agreement with leading healthcare products distributor, Henry Schein, for distribution of Nyloxin in the United States.
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. Partnering with Grupo Farmacéutico de Tijuana for distribution in Mexico should not be construed as an indication in any way whatsoever of the future value of the Company’s common stock or its financial value. 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.