ViaDerma, Inc. Nearing Initial Order from Large Hospital Network
May 13, 2021 at 02:30 pm IST
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ViaDerma, Inc. announced they are nearing the end of their discussions with a major healthcare network to finalize an initial order for the Company’s wound care product, Vitastem. The healthcare network completed successful testing of the product late last year and has approved the product for purchase. Once the initial purchase order is complete, Vitastem is expected to be incorporated into hundreds of hospitals, nursing homes and hospices with the network. The Company is also in the process of entering into an additional licensing agreement with another party interested in licensing ViaDerma products. More information will be released on the new licensing agreement soon. The current licensing agreement entered into earlier this year is expected to expand by at least two more states by the end of this month, increasing the new total number of states to eight. Under the agreement ViaDerma receives $5,000 per month for each state.
ViaDerma, Inc. is a specialty pharmaceutical company engaged in bringing new products to market and licensing its transdermal drug delivery technology solutions. The Companyâs lead product is a topical antibiotic, which is focused on being sold under the brand name Vitastem. In addition to licensing its proprietary transdermal technologies, its lead product, Vitastem, is available for treating multiple skin conditions and ailments. The Company also has products in development in fields, such as anti-aging skin care, pain management, hair-loss, and toenail fungus. The products are based on a delivery system technology that allows for rapid mass transfer of the pharmaceutical active ingredient across the skin and into the body to provide immediate localized therapy. The Companyâs products are sold to local medical practitioners and patients in clinics primarily in the Los Angeles, California area. The Companyâs subsidiary is ViaDerma, II Inc.