Having looked at the order books and factoring in planned product launches from its established distribution partners, including branded product launches in the USA and Canada, plus sales to new distribution/marketing partners outside of North America, M felt confident enough to predict a dramatic increase in revenues for next year and beyond.
M Pharma was recently informed that one of its customers has received new product approvals in new foreign markets, both in the Americas and in Asia, and will be launching operations in those markets in the third quarter and fourth quarter of 2017.
In addition to the expansion into new markets, M Pharma is in late-stage discussions with some current business partners for the sale of newly developed topical formulations of its menthol and L-arginine technology, in multiple topical formats (e.g. skin patches) for a variety of treatment conditions.
Lastly, M Pharma said it would be renewing its push to be more integrated with the current distribution partners in their marketing and sales initiatives, road shows, sales meetings, distributor events, and other means to help drive sales of M Pharma technologies.
M Pharma has plans to launch multiple new branded products in numerous sales channels in the United States and Canadian markets in the third quarter and fourth quarter of 2017, with additional product line launches in 2018 to advance top-line revenues and profitability.
These multiple pipeline products were acquired from 40J's LLC earlier this year and represent only a sample of the technologies currently working their way to commercialization, the company said.
Shares in M Pharma were up by a fifth to C$0.06 in lunchtime trading.