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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:7808D BioProgress PLC 13 September 2007 For Immediate Release 13 September 2007 BioProgress plc New Commercial Partner for TabWrapTM London UK, 13th September 2007, BioProgress plc (AIM: BPRG) ("BioProgress" or the "Company"), the specialty pharmaceutical and healthcare company has announced a commercial partner for its core enabling technology, TabWrapTM. BioProgress has entered into agreements with Barr-Pliva, a leading global generics and specialty Pharma company, to partner and co-promote certain products using the Company's TabWrapTM enabling system in agreed territories. TabWrapTM is a unique method of dry coating novel tablet cores. The technology is being applied initially into the analgesic category of medicines with products already within its development pipeline. The total value of the products on a global basis has the potential of generating revenues in excess of $100 million. Graham Fraser-Pye, Managing Director Barr-Pliva UK, said "We are pleased to be working with BioProgress with products where we can offer our considerable sales and marketing skill base. We see this as a long term working relationship with the opportunity for multiple products." Steve Martin, Chief Development Officer, BioProgress said: "The agreement with Barr-Pliva is an important step once again demonstrating the commercial value of TabWrapTM with a confirmed product. The relationship is strong and we expect to enhance our relationship over the coming months with additional products and technologies." Richard Trevillion, Chief Executive Officer, BioProgress said: "Barr-Pliva is a tremendous partner for the Group capable of achieving rapid adoption of our unique products. We are very pleased to be working with Graham and his team." 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, 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. 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 MSCZGGMLZZDGNZZ
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