FPS Pharma Asia gets positive response for pharmaceutical compounding biz in Sri Lanka

Wednesday, 17 August 2016 00:01 - - {{hitsCtrl.values.hits}}

West Kelowna, BC: FPS Pharma Inc has announced that its wholly owned Hong Kong subsidiary FPS Pharma Asia Ltd. (FPS-PAL), received a positive response to the ‘Short Business Brief’ submitted to Sri Lanka’s Ministry of Health, Nutrition and Indigenous Medicine.

FPS-PAL submitted a ‘Short Business Brief’ to the Ministry for Sri Lanka to obtain preliminary approval for the company to carry on its pharmaceutical compounding business in Sri Lanka. In this regard, the ministry has engaged the services of Premium International Technologies Ltd. (PIT) to work with the ministry and the company to move this process forward.

FPS-PAL has received preliminary comments from PIT and is in the process of responding to same. Once all approvals have been obtained from the ministry, it is the company’s intention to begin the process of setting up an FPS-PAL compounding facility in Sri Lanka to supply our pharmaceutical compounding products to the company’s new distributor for Sri Lanka.

In addition to the local Sri Lankan market, it is the distributor’s intention to provide and export our pharmaceutical compounding products to countries that Sri Lanka has trade agreements with which include India.

Dr. Ronald Aung-Din, M.D., the inventor of the technology behind the IP Rights, and a shareholder of AfGin Pharma Licensing, LLC, has practiced General Neurology and Neuro-Psychiatry in Sarasota, FL for 25 years. He is board-certified by the American Board of Psychiatry and Neurology, and a member of the American Academy of Neurology.

Dr. Aung-Din has developed a unique drug delivery system involving the topical application of medications for the treatment of: migraine and other chronic headache conditions (Topical Therapy for Migraine), Parkinson’s Disease (Topical Regional Neuro-Affective Therapy), and diabetic peripheral neuropathy, chemotherapy related peripheral neuropathy, hereditary peripheral neuropathies, and certain other peripheral neuropathic processes Topical Peripheral Neuro-Affective (TPNA) Therapy for Neuropathic Conditions.

The company looks forward to working with Earle Hickey, its new distributor in Sri Lanka in what the company believes is a tremendous business opportunity.

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