Radient Pharmaceuticals Corporation (PINK: RXPC), a
Tustin, California-based company engaged in the development and marketing of
cancer tests, recently announced that it expanded its distribution agreement
with Taiwan-based UniPharma Taiwan, a distributor of pharmaceutical and medical
device products in Taiwan for none international firms.
Under RXPC’s previous agreement
with UniPharma, the Taiwan-based company had exclusive rights to distribute
RXPC’s flagship product Onko-Sure® cancer test in Taiwan. The two companies
have now expanded the agreement to include Singapore, Hong Kong and Macau. The
regulatory approvals in assigned territories will be handled by UniPharma.
With the expansion of the
distribution agreement, Radient Pharmaceutical will be to target significant
markets in Asia. The combined population of Taiwan, Singapore, Hong Kong and
Macau is 35 million. According to data from the Taiwan Department of Health,
cancer remains the leading cause of death in Taiwan.
Terry Lin, General Manager of
UniPharma, said recently that Onko-Sure is a cost effective, high value, In
Vitro Diagnostic cancer test that should be included as a valuable diagnostic
tool by doctors, clinicians and other healthcare professionals. Lin said that
the UniPharma team is excited to distribute the device in the assigned
territories of Taiwan and now Singapore, Hong Kong and Macau.
Lin said that UniPharma has
boosted its medical sales team and committed to present at upcoming regional
cancer conferences to increase awareness of Onko-Sure®.
Earlier this month, UniPharma
launched the first Onko-Sure outreach campaign with a booth at the Taiwan
Colorectal Cancer Conference at the Taiwan International Convention Center.
Douglas MacLellan, Chairman and
CEO of Radient Pharmaceuticals, said that RXPC welcomes UniPharma’s increased
commitment to Onko-Sure. MacLellan said that the company looks forward to a
continued, successful working relationship as UniPharma advocates the use of
OnkoSure in important health care markets.
By Ed Liston
Small Cap Network
Business & Investment Opportunities
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