Business
ViaDerma Announces Updates for Vitastem Global Sales Expansion, Nupelo FDA-Registration Status & More
ViaDerma Announces Updates for Vitastem Global Sales Expansion, Nupelo FDA-Registration Status & More.
About this update from Viaderma, Inc.
[{"type":"text","content":"\n LOS ANGELES, July 06, 2023 (GLOBE NEWSWIRE) -- ViaDerma, Inc. (OTC Pink: VDRM) is very pleased to announce several exciting business updates for current and prospective shareholders, partners, and healthcare providers.  The company is currently over 30% through the process of our stability testing requirements in order to finalize approvals for distributing lead product Vitastem Ultra throughout multiple countries in the Caribbean and Middle East. Based on the feedback we have received to date, we anticipate that the required testing protocols should be completed by the end of August or in early September of this year.  Our new hair regrowth product, Nupelo, is in the final stages of receiving FDA-registered product approval. Recently, our team received feedback and a new request by the FDA to submit additional information required for final approvals. The requirements were sent back to the FDA in early June and we are awaiting the confirmation for FDA-registered approval for Nupelo any day now. In addition, the company is currently finalizing an agreement with a much larger FDA-registered product manufacturing facility that can help scale Vitastem product inventory to over 100,000 units with just 6-8 weeks lead time. This move is imperative to the company's success in being able to fulfill increased customer demand throughout the US and around the world. The company has been working very hard to overcome several scalability challenges we had unexpectedly encountered with our previous product manufacturer who proved unable to fulfill the needed product inventory fast enough in order to meet the volume requirements demanded from healthcare providers and medical supply distributors. Since then, management has thoroughly researched, vetted, and sourced a new Tier-1 FDA-registered medical product manufacturer here in the US who will soon take over all of the manufacturing requirements for Vitastem Ultra. This strategic move will drastically help ViaDerma scale the business much more successfully moving forward in order to meet the increased demand by healthcare professionals and health care supply distributors that have been attributed to our ongoing sales & marketing efforts throughout the world.  Furthermore, over the past several weeks, the company has interviewed several auditors, CPA firms, and attorneys w...