Proactive Investors - Run By Investors For Investors

Rhinomed to launch vapour release technology after securing US purchase orders

The company will showcase its Pronto technology at the American Academy of Sleep Medicine Meeting in San Antonio, Texas, in June.
Rhinomed products
The launch represents a major milestone and expansion of the Rhinomed nasal platform

Rhinomed Ltd (ASX:RNO) is set to launch its revolutionary ProntoTM rechargeable vapour release technology in the second half of 2019 targeting sleep and decongestion.

This follows the receipt of initial purchase orders from one of the USA’s leading drug store chains.

Pronto comes in two formulation variants - Pronto Sleep and Pronto Clear - aimed at addressing unmet needs in the US$49 billion global sleep aid market and US$34 billion global nasal congestion, cough, cold and allergy market.

Initial purchase orders

The initial purchase orders for the Pronto Sleep aid product have been received from one of America’s leading drugstore chains with product shipping scheduled for the end of May 2019 for more than 2,800 packs, which will be rolled out into 900 stores.

This purchase order is also from a stockist of the company's Mute technology.

Based on stenting technology

Based on the company’s existing BreatheAssistTM stenting technology, which has seen the release of two variants MuteTM and TurbineTM, the new Pronto range includes the novel AirstreamTM release system.

This allows a specific amount of a formulation to be released into the nasal airstream over a set period of time.

By combining this new vapour release technology with the Mute’s stenting action, Rhinomed provides users with a unique dual action medical device that not only improves nasal airflow, but also delivers the associated benefits of the specific formulation.

"World leading investor"

Rhinomed chief executive officer Michael Johnson said: “Rhinomed is delivering on its potential as a world-leading investor in the nasal, respiratory, sleep and drug delivery markets.

“We have become one of those rare Australian companies that has not only developed a technology but has also now proven consumer and clinical adoption, established global distribution and shelf presence and established a product that is now one of the fastest growing brands in its category.

“Mute has now successfully delivered millions of nights of better sleep to customers across three continents – it's time we start leveraging our platform to deliver drugs and formulations into specific target markets.”

View full RNO profile View Profile

Rhinomed Ltd Timeline

Newswire
September 15 2015

Related Articles

copd radiograph
April 02 2019
City broker Peel Hunt reckons the recent approvals “support the top-line forecasts in our model that should see Circassia achieve EBITDA positivity in 2020”
man with erectile dysfunction
09:28
Headline results from the trial of MED2005 are due before the end of 2019, while Futura is also confident of hearing back from UK regulators about its pain relief gel later in the year
A man's knee pain is highlighted with a red area that points to inflammation
January 22 2019
The injectable PPS trial has had a clinically meaningful and statistically significant result in patients with arthritic knee pain.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use