Business
Blue Water Biotech Issues CEO Shareholder Letter Providing Update on Commercial Launch Activities
CINCINNATI, July 17, 2023 (GLOBE NEWSWIRE) -- Blue Water Biotech, Inc. (“Blue Water” or the “Company”) (Nasdaq: BWV), a biotechnology and pharmaceutical
About this update from Onconetix, Inc.
[{"type":"text","content":"CINCINNATI, July 17, 2023 (GLOBE NEWSWIRE) -- Blue Water Biotech, Inc. (“Blue Water” or the “Company”) (Nasdaq: BWV), a biotechnology and pharmaceutical company focused on developing and commercializing transformational therapies to address significant health challenges globally, today issued the following letter to shareholders from its Chairman and Chief Executive Officer, Joseph Hernandez. Dear Fellow Shareholders: In recent months, Blue Water Biotech, Inc. (“Blue Water”) has evolved from a preclinical vaccine development company to a commercial stage pharmaceutical company after the purchase of several FDA approved assets spanning multiple treatment areas. Capital raises in 2022, resulting in a strong cash position at the beginning of 2023, enabled us to pursue these strategic acquisitions. We believe the acquisition of these assets will generate tremendous value for Blue Water, and we are pleased to provide an update on our commercial launch progress thus far and milestones we intend to achieve in the coming months. Our recent acquisitions include ENTADFI®, an FDA approved, once daily pill combining finasteride and tadalafil for the treatment of benign prostatic hyperplasia (“BPH”), and six additional FDA approved assets across multiple indications, including cardiology, inner and outer ear infections, and pain management. While each product has unique considerations for launch and we have analyzed each closely, we have developed a core framework for commercial operations as we progress towards official launch. To begin, the core for any successful commercial operation is a dedicated, experienced management team to steer operations and make strategic decisions that will benefit Blue Water in the long run. In February 2023, we appointed Frank Jaeger to the team as Senior Vice President of Marketing and Business Development, bringing with him over 25 years of biopharmaceutical experience from start-up to large global pharma and targeted launch experience in Men’s Health. Mr. Jaeger has been instrumental in developing our launch strategy for these assets, and we look forward to his continued strong leadership as we reach launch and beyond. With our commercial leadership team in place, we have identified key areas on which to focus our efforts, including expanding product availability for our patients, as well as marketing and ...