Virogen, Inc. Receives Manufacturing License Opening Door to Sales in Worldwide Market
SOURCE:
Virogen, Inc.
2008-08-19 00:00:00
MINNEAPOLIS, MN–(EMWNews – August 19, 2008) – Virogen, Inc. (
developer and patent holder of a revolutionary vaccine to combat Newcastle
disease, a deadly disease that kills chickens worldwide, announced that on
July 19, 2008 a manufacturing license was issued for its Innovo Immune
Newcastle Vaccine by the Government of Romania, a European Economic
Community member country. This certification meets the European Union
standard which is recognized by virtually every country in the world.
Licensing Within European Union
Manufacturing within a European Union (EU) member country has allowed
access to the EU market and paved the way for the company to fast track
registration of the vaccine in countries worldwide in the shortest possible
time. The license issued on July 19, 2008 has opened the door for Virogen
to manufacture and export its vaccine worldwide and pursue registrations in
all of its major markets.
Statement by Paul Hogan, CEO
Paul Hogan, CEO of Virogen, Inc., notes, “Every production bird in the
world is required to be vaccinated, and since Virogen’s vaccine is
breakthrough technology and the most effective Innovo patent-protected
product on the market, the company anticipates it will capture this
exclusive market for several years. With approximately 45 billion birds
being produced annually outside of the United States, and consumption
growing by close to 30% per annum and expected to increase further, one can
anticipate the revenue opportunity for this vaccine is in the tens of
millions over the product life cycle.”
The Company
Virogen is a Minnesota-based Corporation formed solely to conduct research,
and develop vaccines for the veterinary industry worldwide. The company’s
flagship product is its Innovo Newcastle Vaccine.
Forward-Looking Statements:
This press release contains statements, which may constitute
“forward-looking statements” within the meaning of the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of 1995. Those statements include
statements regarding the intent, belief or current expectations of Virogen,
Inc. and members of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ
materially from those contemplated by such forward-looking statements. The
Company undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of unanticipated
events or changes to future operating results.
Investors and potential investors are invited to call either Guy Vinci, VUI
Consulting at (386) 218-5929 or Paul Hogan, CEO, Virogen, Inc. at
(415) 367-4058 to request a copy of the company’s complete business plan.
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