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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bioprogress | LSE:BPRG | London | Ordinary Share | GB0032681628 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 50.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8438X BioProgress PLC 06 June 2007 For Immediate Release 6 June 2007 BioProgress launch first SoluleavesTM products in UK London, UK, 5th June 2007: BioProgress plc ('BioProgress' or the 'Company') (AIM: BPRG; NASDAQ: BPRG), the specialty pharmaceutical and healthcare company, is pleased to announce the launch in the UK of the first of its range of SoluleavesTM, melt in the mouth products. The first two SoluleavesTM products to be marketed will be, Caffeine Soluleaves TM - energy boost, and Zinc and Echinacea, which helps boost natural defences against colds and flu. Other SoluleavesTM products including Vitamin B complex and anti-snoring will be launched in the coming weeks. The SoluleavesTM range of products will be marketed through the newly acquired PharmaHerb Limited, a specialist Over The Counter (OTC) products company, using the Kudos brand. Distribution will be through its established niche health shops, pharmacies, supermarket chains, as well as its direct to consumer internet selling (www.kudosvitamins.com). The market for energy products in the UK is valued around #700m, with the UK cough cold market valued at #430m. The company believes the products possess a number of advantages over existing market products such as being quick to disperse in the mouth leading to rapid onset of action, and suitable for people who have difficulty swallowing tablets and capsules. Peak sales are estimated to be within 1 to 1.5% of their appropriate market. Richard Trevillion, Chief Executive Officer, of BioProgress commented: "It is testament to the strength and depth of the Company's infrastructure that BioProgress has been able to reformulate to UK standards and launch new products in record time. This launch has been timed to capitalize upon the recent acquisition of PharmaHerb. It will also be the first time consumers will have access to the benefits of the SoluleavesTM system in the UK market". For further information: BioProgress Plc + 44 (0) 20 7098 9881 Richard Trevillion, CEO Steve Martin, CDO Hiral Patel, CFO Buchanan Communications + 44 (0) 20 7466 5000 Rebecca Skye Dietrich Mark Court About BioProgress BioProgress plc is an innovative specialty pharmaceutical and healthcare business based around its platform technologies in polymer and film systems. Listed on London's AIM in May 2003 and on US NASDAQ in October 2004, the company has over 80 patents granted or in application within 24 patent families and has product development agreements and strategic alliances with several global companies. As a virtually integrated business, BioProgress has acquired sales and marketing resources within Europe and the US as a launch mechanism for its own pharmaceutical products. The business continues to develop innovative delivery mechanisms using its XGELTM polymer technology, replacing the need to use animal-derived gelatine in pharmaceutical and healthcare products. For further information please go to www.bioprogress.com Forward-Looking Information. The Ordinary Shares of BioProgress plc are registered under the US Securities and Exchange Act of 1934. To the extent that this announcement contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, this paragraph applies. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. The forward-looking statements in this release include statements addressing future financial and operating results and the timing and benefits of the reorganisation. Detailed information about factors pertinent to the business of the company that could cause actual results to differ is set forth in the Company's filings with the Securities and Exchange Commission. The Company is under no obligation to (and expressly disclaim any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. This announcement is for information only and does not constitute an offer or invitation to acquire or dispose of any securities or investment advice. The distribution of the announcement and/or issue of securities in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about and to observe such restrictions. This information is provided by RNS The company news service from the London Stock Exchange END PRLOKAKNKBKKKAK
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