Procaps Group and Genomma Lab Announce a Strategic Agreement to Manufacture and Market Softgel Products in Latin America
30 11월 2023 - 7:42AM
Business Wire
Agreement Combines Procaps Oral Delivery System
Technology and Manufacturing with Genomma’s Strategic Marketing and
Distribution Footprint
Procaps Group (NASDAQ: PROC) (“Procaps”), a leading integrated
international healthcare and pharmaceutical services company, and
Genomma Lab Internacional, S.A.B. de C.V. (BMV: LABB; “Genomma”),
the leading pharmaceutical and personal care company in Latin
America, today announced a strategic agreement to develop,
manufacture and market five Softgel products within Latin America.
Through this partnership, Procaps will manufacture and Genomma will
market and distribute the products.
“Genomma’s strong core brands, proven business model and
significant footprint throughout Latin America in the OTC market,
make Genomma an ideal partner for our innovative oral delivery
systems,” said Ruben Minski, CEO of Procaps Group. “This agreement
results in a unique synergy to bolster our CDMO market share,
especially in Mexico. We will also leverage Genomma’s precision
multi-channel marketing and effective communication vehicles across
a variety of media platforms to reach new customers.
“We’re excited to partner with Genomma, as this collaboration
fits perfectly within our strategy to access new markets. We look
forward to working with Genomma’s team to introduce our Softgel and
gummies superior delivery system across their wide distribution
network of independent and chain pharmacy retailers, wholesalers
and e-commerce channel.”
Marco Sparvieri, CEO of Genomma Lab Internacional, added, “Our
consumer-oriented marketing, broad retail distribution network, and
low-cost, highly flexible operating model will support the rapid
roll-out of these five Softgel products. This agreement creates
additional synergies to bolster Genomma’s core competencies by
offering additional pharmaceutical forms beyond those produced in
our state-of-the art manufacturing complex in Mexico.” Mr.
Sparvieri added, “Procaps’ innovative Softgel and gummies, will add
new pharmaceutical formats to our premium branded product portfolio
and lead to strong growth for both partners, laying the groundwork
for new opportunities for growth.”
About Genomma Lab Internacional
Genomma Lab Internacional, S.A.B. de C.V. is one of the fastest
growing pharmaceutical and personal care products companies in
Latin America. Genomma Lab develops, sells and markets a broad
range of Premium branded products, many of which are leaders in the
categories in which they compete in terms of sales and market
share. The Company has a sound business model through a unique
combination of a new product development process, consumer oriented
marketing, a broad retail distribution network and a low‐cost,
highly flexible supply chain operating model. For more information
visit: www.genommalab.com
Genomma Lab’s shares are listed on the Mexican Stock Exchange
under the ticker “LABB”.
About Procaps Group
Procaps Group, S.A. (“Procaps”) (NASDAQ: PROC) is a developer of
pharmaceutical and nutraceutical solutions, medicines, and hospital
supplies that reach more than 50 countries in all five continents.
Procaps has a direct presence in 13 countries in the Americas and
more than 5,500 employees working under a sustainable model.
Procaps develops, manufactures, and markets over the counter (OTC)
pharmaceutical products and prescription pharmaceutical drugs (Rx),
nutritional supplements and high-potency clinical solutions. For
more information, visit www.procapsgroup.com or Procaps Group’s
investor relations website investor.procapsgroup.com.
Note on Forward-Looking Statements
This press release includes “forward-looking statements.”
Forward-looking statements may be identified by the use of words
such as “forecast,” “intend,” “seek,” “target,” “anticipate,”
“believe,” “expect,” “estimate,” “plan,” “outlook,” and “project”
and other similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
Such forward-looking statements include projected financial
information. A number of factors could cause actual results or
outcomes to differ materially from those indicated by such
forward-looking statements. These forward-looking statements
involve a number of risks, uncertainties (some of which are beyond
our control), or other assumptions that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to, a) the risks
included under the header “Risk Factors” in Procaps’ annual report
on Form 20-F filed with the SEC, as well as Procaps’ other filings
with the SEC and the risks included under the header “Factores de
Riesgo” in Genomma’s annual report on Annex N filed with the BMV,
as well as Genomma’s other filings with the BMV. Should one or more
of these risks or uncertainties materialize, or should any of our
assumptions prove incorrect, actual results may vary in material
respects from those projected in these forward-looking statements.
We undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required under applicable securities
laws. Accordingly, you should not put undue reliance on these
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20231129231610/en/
Investor Contact:
Melissa Angelini Procaps Investor Relations Director
ir@procapsgroup.com investor.procapsgroup.com
Daniel Suarez Genomma Investor Relations
daniel.suarez@genommalab.com inversionistas.genommalab.com
Procaps (NASDAQ:PROC)
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